DSE ordered to investigate unusual price surge in Islami Bank shares
The BSEC asked the DSE to submit the investigative report within the next 30 days
The Bangladesh Securities and Exchange Commission (BSEC) ordered the Dhaka Stock Exchange (DSE) to investigate the unusual price hike in Islami Bank shares.
In an order issued today (25 September), the BSEC said, it is observed that the price and volume of shares of Islami Bank fluctuated significantly in recent times which seems unusual and suspicious.
The DSE will investigate into the trading of Islami Bank shares from 6 August to 25 September to identify the reasons including market manipulation, insider trading and other market abuses behind such unusual movement of price and volume of units of the said scrip, according to the BSEC order.
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The BSEC asked the DSE to submit the investigative report within the next 30 days.
Islami Bank shares jumped over 115% to Tk70.40 during the raid period.
