Karachi: Cordoba Logistics and Ventures Limited (CLVL) has been advised to disclose any information relevant to the recent unusual movements in the price of its shares. This requirement comes under Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations, highlighting the need for transparency in cases where significant price fluctuations are observed.

The PSX has noticed a notable shift in the trading patterns of CLVL's shares in the previous period. The regulations mandate that if a listed company experiences such fluctuations, it must either provide details of any development or matter that may be influencing these movements or confirm the absence of any known factors.

According to information available from the Pakistan Stock Exchange (PSX), currently, CLVL is under scrutiny to reveal any material or price-sensitive information that could explain the recent volatility in its stock prices. The company is required to act swiftly and disseminate this information through the prescribed channels at PSX, ensuring that all stakeholders are promptly informed as per the PSX Regulation 5.6.1.

The emphasis on immediate and transparent communication aims to maintain fair trading practices and protect investor interests by preventing speculative trading based on undisclosed information.