Karachi: In compliance with the Pakistan Stock Exchange (PSX) regulations, Dewan Mushtaq Textile Mills Limited (DMTM) is advised to publicly clarify the causes behind the recent significant price movements of its shares. The PSX has noted these unusual changes during the preceding period and has requested DMTM to provide a detailed explanation to maintain transparency with its investors.
According to the Securities Act of 2015, specifically Section 97, and PSX Regulation 5.6.3., listed companies like DMTM are obligated to promptly disclose any information that might explain such movements. This could include any material developments within the company or a confirmation of the absence of any known causes for the observed fluctuations. The regulations aim to ensure that all market participants have access to the same information to make informed trading decisions.
According to information available from the Pakistan Stock Exchange (PSX), DMTM must utilize the PSX's Public Utility Corporate Announcements Relay System (PUCARS) to disseminate the relevant details. This requirement follows Regulation 5.6.1. which mandates that any price-sensitive information likely to influence the share price or trading volume be shared swiftly through official channels.
This call to action ensures that all market shareholders are kept in the loop, preventing speculative trading that could potentially harm investors. DMTM's response to this situation is crucial not only for compliance with market regulations but also for maintaining investor confidence in its financial health and administrative transparency.