The company has informed the Dhaka Stock Exchange (DSE) that it does not know the reason for the abnormal increase in the share price of Padma Islami Life Insurance Limited, a company listed on the capital market. This information was revealed by DSE sources.
According to the source, the DSE recently sent a notice seeking to know the reason for the abnormal increase in the company’s share price. In response, the company said that the share price is increasing without any undisclosed price-sensitive information.
Market analysis shows that on February 17, the company’s share price was 17 taka 20 paisa. And on March 10, the company’s share price increased to 20 taka 40 paisa. That is, the share price increased by 3 taka 20 paisa in 16 working days.
The DSE authorities consider this price increase to be abnormal.
