Emerald Oil Industries Limited, a company listed on the capital market, has informed the Dhaka Stock Exchange (DSE) that it does not know the reason behind the unusual rise in its share price. This information comes from DSE sources.
According to the sources, DSE recently issued a notice to the company asking for an explanation regarding the unusual increase in its share price. In response, the company stated that the share price has been rising despite there being no undisclosed price-sensitive information.
It is noteworthy that on November 16, the company’s share price was Tk 10.70. By the end of trading on Wednesday (December 3), the price had increased to Tk 16.30. During this period, the share price rose by Tk 5.60. DSE considers this price increase to be unusual.
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