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 S Alam Cold Rolled Steel Limited, a company listed on the capital market.

This information was revealed by sources at the Dhaka Stock Exchange (DSE).

According to the source, the DSE sent a notice yesterday (February 18) 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.

It is worth noting that the company’s share price was 9 taka 80 paisa on February 13. And at the end of the market on Tuesday (February 18), the share price increased to 12 taka 80 paisa. That is, the share price has increased by 3 taka in just 4 working days.

The DSE considers this price increase to be abnormal.