Karachi: The Pakistan Stock Exchange (PSX) has flagged an unusual movement in the price of shares of Reliance Weaving Mills Limited (REWM), raising questions under Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations. The regulations mandate listed companies to promptly disclose to the public any relevant details of any developments or to confirm the absence of any such developments that might explain the irregular trading activity.

According to information available from the Pakistan Stock Exchange (PSX), there has been a noticeable fluctuation in the share price of REWM during the recent period. While the specific details of the price movement have not been disclosed, the PSX emphasizes the importance of transparency and immediate public disclosure in such instances.

REWM is thus required to provide sufficient information regarding any material or price-sensitive events that could have contributed to the observed fluctuation. This information must be disseminated through the PSX’s PUCARS system to ensure that the public remains well-informed about potential factors influencing the share price. The prompt release of such information is crucial in maintaining market integrity and investor confidence in accordance with PSX Regulation 5.6.3.