Karachi: The Pakistan Stock Exchange (PSX) has reported an unusual surge in the trading volume of Suraj Cotton Mills Limited (SURC) shares, prompting regulatory scrutiny. This observation aligns with the PSX's requirements under Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, which mandate listed companies to disclose relevant information to the public when such market irregularities occur.

According to information available from the Pakistan Stock Exchange (PSX), the volume of SURC shares has experienced significant movement during the preceding period. This development requires Suraj Cotton Mills Limited to either disclose any pertinent matters or developments that may have influenced this unusual activity or to affirm their lack of awareness regarding any such events.

The PSX stipulates that in instances where material or price-sensitive information could impact the share price or trading volume, companies must rapidly disseminate the information via the Public Unlisted Company Automated Reporting System (PUCARS) as outlined in PSX Regulation 5.6.1. Consequently, Suraj Cotton Mills Limited has been instructed to provide sufficient information to clarify the situation, ensuring transparency and public awareness in alignment with PSX Regulation 5.6.3.