The stock price of Crystal Insurance Limited is increasing, but there is no price-sensitive information behind the unusual increase.
The company gave this information in response to a letter from the Dhaka Stock Exchange (DSE) recently. The company’s share price has been on an upward trend for more than four months.
A market review shows that on April 17 this year, the share price of Crystal Insurance was Tk 35.10. Since then, the share price of the company has been rising. The share price of the company has been slightly revised in three phases. Last yesterday, the share price of the company stood at Tk 67.80. In addition to the share price, the company’s share trading volume also increased significantly during this period.
According to the latest unaudited financial report, Crystal Insurance’s earnings per share (EPS) for the first half (July–June) of the current financial year 2023 stood at Tk 1.78. It was Tk 1.30 in the same period of the previous financial year.