Rahim Textiles does not know the reason for the abnormal increase in share price.

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Rahim Textiles does not know the reason for the abnormal increase in share price.

The company told the Dhaka Stock Exchange (DSE) that it does not know the reason for the abnormal increase in the share price of Rahim Textile Mills PLC, a listed company in the capital market. This information is known from DSE sources.

According to sources, DSE has recently sent a notice seeking to know the reason for the abnormal increase in the share price of the company. In response, the company said the share price was rising without any undisclosed price sensitive information.

Note that on September 5, the share price of Rahim Textile was 119 taka 20 paisa. Which increased to 160 taka 60 paisa at the end of the transaction on September 24. That is, the share price of the company increased by 41 taka 40 paisa in 12 working days. DSE considers this rate hike unusual.

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