Lahore: Crescent Jute Products Limited (CJPL) has been advised by the Pakistan Stock Exchange (PSX) to clarify the unusual movement observed in the volume of its shares. This advisory follows the requirements outlined in Section 97 of the Securities Act, 2015, and clause 5.6.3 of PSX Regulations, which mandate that listed companies disclose pertinent information if there is an unusual movement in the price or volume of their traded securities.

According to information available from the Pakistan Stock Exchange (PSX), there has been a notable increase in the volume of shares traded for CJPL. This observation necessitates a disclosure from the company regarding any known developments or, alternatively, a statement of unawareness about such factors that could have influenced the trading activity.

The PSX has emphasized the importance of timely dissemination of any material or price-sensitive information that could affect the price or volume of shares. This requirement ensures transparency and maintains market integrity, as stipulated under PSX Regulation 5.6.1.

Crescent Jute Products Limited has been urged to provide sufficient information through the Pakistan Unified Corporate Action Reporting System (PUCARS) to clarify its position concerning the unusual trading activity. This step is crucial for informing the public and stakeholders about the factors contributing to the observed movements in share volume.