The Dhaka Stock Exchange has formed two separate committees to investigate unusual rise in the prices of the shares of Rahima Food and Samata Leather Complex, DSE sources said.
The sources said the bourse took the move as the share prices of the companies were increasing abnormally even after the companies’ declaration of not having any undisclosed price sensitive information.
The price of Rahima Food shares, traded at Tk 16.60 each on August 15, increased to Tk 43.20 on September 25. Rahima Food’s share price increased to Tk 83.60 on Wednesday from Tk 38.70 on November 24.
The DSE management on November 21 withdrew trade suspension on the company’s shares after keeping its trade halted for about two months due to unusual price hike.
The share of Samata Leather was traded at Tk 24.70 on Thursday which was below Tk 12 in October.
DSE sources said the bourse formed inquiry committees to look into the unusual price hike of the shares of the companies.
‘We have already noticed unusual price hike in shares of some other low capitalised companies. The bourse has been observing the movements of the shares to take next course of action,’ a DSE official said.
-With New Age input
