Karachi: The Pakistan Stock Exchange (PSX) has noted an unusual movement in the share price of Dadabhoy Cement Industries Limited (LSEFSL), prompting regulatory attention. According to PSX regulations and the Securities Act of 2015, listed companies must promptly disclose any relevant information if significant fluctuations in their stock prices are observed.

The surge in LSEFSL's share price occurred over the preceding period, as observed by the PSX. In accordance with Section 97 of the Securities Act, 2015 and clause 5.6.1 of PSX Regulations, Dadabhoy Cement must respond by either detailing any material developments that could have influenced their share prices or by stating that it is unaware of any such matters.

According to information available from the Pakistan Stock Exchange (PSX), the company is required to disseminate any price-sensitive information promptly through the PSX's system for public disclosure, ensuring transparency and compliance with regulatory standards.

In light of these movements, LSEFSL is advised to provide sufficient information as soon as possible to clarify the situation which may have led to the significant movement in the price of its securities, in line with PSX Regulation 5.6.3. This measure is essential to maintain market integrity and protect investor interests.