Karachi: The Pakistan Stock Exchange (PSX) has noted a significant fluctuation in the share price of Dar-es-Salaam Textile Mills Limited (DSML), prompting a regulatory advisory for the company to disclose relevant information. The observed price movement comes under scrutiny according to Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, which mandate prompt public disclosure by listed companies experiencing unusual price or volume movements.
The unusual price movement in DSML shares was noted during the preceding period, raising questions about potential material developments within the company. According to information available from the Pakistan Stock Exchange (PSX), the regulatory framework requires DSML to either reveal any pertinent information that might explain the price movement or to clearly state if it is unaware of any such matters.
DSML is required to adhere to PSX Regulation 5.6.3, ensuring timely communication through the PSX's Public Information Reporting System (PU ARS) to maintain transparency with the investing public. This mechanism is crucial for maintaining market stability and investor confidence by ensuring that all market participants are equally informed of significant developments that could influence stock prices.
The Securities Act of 2015 and PSX regulations are designed to safeguard the interests of investors by preventing undue fluctuations in the market that could stem from undisclosed material information. DSML's response to this regulatory prompt will be closely watched by investors and could significantly impact the company's stock performance in the upcoming days.