Karachi: The Pakistan Stock Exchange (PSX) has noted significant changes in the share prices of PIA Holding Company Limited – Class A and B, Gulistan Spinning Mills Limited (“PIAHCLA and PIAHCLB”), prompting a regulatory response. According to information available from the Pakistan Stock Exchange (PSX), under Section 97 of the Securities Act, 2025, and PSX Regulation 5.6.3, listed companies like PIAHCL are required to disclose promptly to the public any developments or matters that could explain such unusual price movements.

During the recent trading period, PIAHCL observed unusual movements in the price of its shares, a situation that warrants a formal disclosure. The PSX mandates that any material or price-sensitive information that could affect share prices must be disseminated through its systems for public knowledge, as outlined under PSX regulation 5.6.1.

PIAHCL has been advised to provide sufficient details to clarify its position concerning the noted fluctuations. This disclosure is crucial to maintaining transparency and trust in the financial markets, ensuring that all stakeholders are adequately informed.

As of now, PIAHCL has not publicly disclosed any specific details or developments that might explain the unexpected movements in its share prices. The company must report through the PSX's Public Disclosure and Reporting System (PUCARS) to shed light on these developments or confirm the absence of any material information.