The Bangladesh Securities and Exchange Commission (BSEC) has ordered an investigation into the reasons for the abnormal increase in the share price and high volume of share transactions of Khulna Printing and Packaging, a company listed on the stock market. The country’s main stock exchange, Dhaka Stock Exchange (DSE), was instructed to do so.
BSEC recently sent a letter to the DSE’s Chief Regulatory Officer with instructions in this regard. The commission has asked DSE to submit an investigation report within 30 working days.
The letter, signed by BSEC Deputy Director Muhammad Nanu Bhuiyan, states that the company’s share price and transactions have increased significantly in recent times. It is necessary to find out whether there is any logical reason behind this. In addition, an investigation has been ordered to determine whether there is any kind of manipulation or insider trading or any unethical transactions taking place in the company’s transactions in recent times.
It is worth noting that the company’s shares, which were priced at Tk 7.20 on January 23, stood at Tk 33.20 at the end of trading on February 4. That is, the share price has increased by 26 taka or 361 percent during this period.
