Karachi: In response to the observed unusual price movements in its shares, Dadabhoy Cement Industries Limited (DBCI) has been advised to disclose any relevant information or developments. This follows the guidelines set by the Securities Act, 2015, and the regulations of the Pakistan Stock Exchange (PSX).

According to information available from the Pakistan Stock Exchange (PSX), DBCI's shares have experienced significant fluctuations, prompting scrutiny under Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations. These regulations mandate that listed companies must promptly disclose any material or development that could influence their share prices or trading volumes.

DBCI is now required to either provide details about any matters or developments that may be contributing to the unusual price movements or declare a lack of awareness of any such factors. The requirement ensures transparency and maintains market integrity, allowing investors to make informed decisions.

In compliance with PSX Regulation 5.6.3., DBCI must disseminate any pertinent information through the PSX's system for public information (PLICARS) to clarify its position on the cause of the notable changes in its security's price.