2024-09-29 15:25:05
Published: 10:51, 29 September 2024
The share price of Midland Bank Plc, a company listed in the banking sector in the capital market, is increasing at an abnormal rate without any price sensitive information or reason. The company’s authorities have informed Dhaka Stock Exchange (DSE), the main stock market of the country.
On Sunday (September 29), this information was revealed by Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
According to information, DSE sent a notice to the company on September 26 seeking to know the reason for the abnormal rise in share price. In response to that letter, the company informed that the share price of the company is increasing without any undisclosed price sensitive information.
Incidentally, on September 2, the share price of Midland Bank was Tk 26.50. And after the transaction on September 26, the company’s share price rose to Tk 28. In other words, the share price of the bank increased by 1.50 taka or 6 percent in 17 working days.
In this way, the DSE authorities consider the increase in the share price of the company to be unusual.
Dhaka/NT/Eva