PSX issues notices to various companies for unusual price movement

Author:

The Pakistan Stock Exchange (PSX) on Thursday issued notices to 11 listed companies for unusual price movement in their share prices during the past three months.

The PSX said that while reviewing the trading data, it has been observed that the price and volume of the said companies had experienced substantial increase during the last three months.

The PSX issued notices to the companies including KASB Modaraba, Sally Textile Mills Limited, JA Textile Mills Limited, Pakgen Power Limited, Ibrahim Fibers Limited, Nazir Cotton Mills Limited, Sana Industries Limited, Hala Enterprises Limited, Landmark Spinning Industries Limited and Frontier Ceramics Limited. The PSX directed the companies to furnish reasons and any other material information which may have resulted in substantial increase in price and volume in terms of clause 5.6.3 of PSX Regulations and Section 97 of the Securities Act, 2015 immediately.

Share
Leave a Comment

Recent Posts

  • Pakistan

Jolion HEV Officially Launched in Pakistan!

The strategic partnership of GWM and SAZGAR brought with it the world renowned Haval brand…

41 mins ago
  • Lifestyle

Celebrating Tradition: World’s Largest Rallis Crafted by Sindhi Artisans

In a celebration of heritage, skilland craftsmanship, we are pleased to announce the creation of…

2 hours ago
  • Pakistan

Wajood Society Pioneers Pakistan’s First Alliance of Transgender Adolescents and Youth

Multan, South Punjab, Pakistan - April 25, 2024 - In a historic stride towards inclusivity…

2 hours ago
  • Business

KSE-100 rallies over 1% to hit another record high

The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index hit a fresh peak on Friday, as…

2 hours ago
  • Business

Kaspersky Next: new flagship product line for business

Kasperskyintroduces its new flagship product line 'Kaspersky Next' combining robust endpointprotection with the transparency and…

2 hours ago
  • Business

Gold price per tola jumps Rs2,500

Gold prices increased in Pakistan on Friday in line with a rise in the international…

2 hours ago