Karachi: The Pakistan Stock Exchange has reported an unusual fluctuation in the price of shares for Bunny’s Limited (BNL), prompting the company to disclose pertinent information in accordance with regulatory requirements.

On September 25, 2023, BNL was notified of the price volatility and was subsequently required to address this movement under Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations. These mandates call for listed companies to promptly inform the public by providing details of any matter or development that could be relevant to such unusual market activity. Alternatively, if no such information exists, companies must explicitly state their lack of awareness regarding any influencing factors.

According to information available from the Pakistan Stock Exchange (PSX), the price of BNL shares experienced notable changes during the preceding period. This prompted the PSX to urge BNL to consider any material or price-sensitive information that may have impacted the stock’s performance and to disseminate this information promptly through the PSX for public access.

To comply with PSX Regulation 5.6.1, BNL is expected to promptly provide sufficient information through PUCAR5 to clarify its position to the public. The company has been instructed to follow these guidelines to ensure transparency and maintain investor confidence in the wake of the observed market behavior.

The designated market category for BNL remains unchanged as the company navigates the regulatory process to address the unusual movement in its share price.