The Pakistan Stock Exchange (PSX) has issued notices to 21 companies following the detection of unusual movements in share prices and trading volumes.

PSX identified abnormal trading patterns across various sectors and sought explanations from the concerned companies.

In the textile sector, several companies were flagged for abnormal price fluctuations, including Ruby Textile Mills Limited, Gulistan Spinning Mills Limited, Ali Asghar Textile Mills Limited, Suhail Jute Mills Limited, Colony Textile Mills Limited, Bilal Fibres Limited, and AN Textile Mills Limited.

The power and engineering sector also saw scrutiny, with Kohinoor Power Company Limited and Pakistan Engineering Company Limited receiving notices due to unusual price movements in their shares. Salman Noman Enterprises Limited was similarly noted for trading anomalies.

The chemical sector was not exempt, as Ghani Chemical Industries Limited and Berger Paints Pakistan Limited faced inquiries related to abnormal share volumes. Bawany Air Products Limited was also flagged for unusual price movements.

In the cement sector, Flying Cement Company Limited was issued a notice following an unusual uptick in its stock price.

Other companies experiencing both price and volume irregularities include Crescent Jute Products Limited and Trust Modaraba. Additionally, Imperial Limited and Hallmark Company Limited were served notices for unusual price movements in their stocks.

According to PSX Regulation 5.6.1, listed companies are required to promptly disseminate any material or price-sensitive information that could affect the price or volume of their shares through the PSX for public dissemination.

The PSX has asked these companies to provide sufficient information to clarify their position, which may have resulted in significant movement in the prices of their securities, in accordance with PSX Regulation 5.6.3, through the PUCARS system for public information.