Asiatic Laboratories Fails to Respond to DSE Query Letter

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Asiatic Laboratories Fails to Respond to DSE Query Letter

The Dhaka Stock Exchange (DSE) has issued a letter to the company regarding the unusual fluctuations in the share price and the surge in transactions of Asiatic Laboratories Limited, which is listed on the capital market. However, the company has yet to provide any comments on this issue.

This information was disclosed by sources within the DSE.

As per the source, the company’s share price has been rising at an extraordinary pace over the last few days. The DSE sent a letter to the company on August 17 to seek clarification on this matter. Nevertheless, the company’s management has not responded to the letter as of now.

Market analysis indicates that on June 3, the company’s share price stood at 32 taka 80 paisa. By August 17, the share price had risen to 52 taka 20 paisa. This represents an increase of 19 taka 40 paisa, or 59.14 percent, during this period.

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