Karachi: In recent developments, the Pakistan Stock Exchange (PSX) has noted an unusual movement in the price of shares belonging to Safe Mix Concrete Limited (SMCPL). This observation has prompted a regulatory response as per Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations.

SMCPL, a company listed on the PSX, has experienced significant fluctuations in its share price. According to information available from the Pakistan Stock Exchange (PSX), the regulatory body has advised the company to provide a prompt disclosure. This disclosure should either detail any known matters or developments relevant to the price volatility or assert a lack of awareness of any such matters.

The regulations mandate that if a listed company like SMCPL observes material or price-sensitive information that could influence share prices, it must disseminate this information through the PSX. This procedure ensures that all market participants have timely and equitable access to important financial data.

In response to the PSX's observation, SMCPL is required to clarify its position regarding the recent price movements of its shares. The company must furnish all pertinent information through the PSX's PU ARS system for public dissemination, adhering strictly to the stipulations under PSX Regulation 5.6.3.