2024-09-13 14:11:52
Published: 13:50, 12 September 2024 Updated: 13:57, 12 September 2024
The share price of Fareast Islami Life Insurance Company Limited listed in the insurance sector in the capital market is increasing abnormally without any price sensitive information or reason. The main capital markets of the country are Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), according to company authorities.
On Thursday (September 12), DSE and CSE sources informed this information.
According to information, the DSE sent a letter on September 5 seeking to know the reason for the abnormal increase in the share price of Far East Islami Life Insurance. In response to that letter, the company informed that the share price of the company is increasing without any undisclosed price sensitive information.
Incidentally, the share price of Far East Islami Life Insurance was 36.90 on August 21. Which increased to 49.20 on September 8. That is, in 11 working days, the price of the share increased by Tk 12.30 or 33.33 percent. DSE and CSE authorities consider the increase in the share price of the company to be abnormal.
Dhaka/NT/Eva