Karachi, August 29, 2023 – The Pakistan Stock Exchange (PSX) issued a notice on Tuesday regarding the abnormal increase in the share price of Pakistan International Container Terminal (PICT).
In a communication addressed to PICT, the PSX expressed concern about the significant surge in PICT’s share price over the past few weeks. Notably, there have been no recent material announcements, especially regarding the company’s business or commercial activities, that could account for this notable increase.
The PSX underscored the importance of promptly disclosing any material or price-sensitive information that could potentially impact market prices or trading volumes. Companies are obligated to share such information with the exchange for dissemination to all market participants.
PICT has been advised to provide an explanation and any material information within their knowledge that might have contributed to the substantial rise in their share price. This move reflects the PSX’s commitment to maintaining transparency and ensuring a fair and informed trading environment for all investors in the stock market.
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