The share price of the closed company Khulna Printing and Packaging has increased almost three times in one month. The company has been at the top of the price increase in the main stock market Dhaka Stock Exchange (DSE) for two weeks. At the end of last week, the company’s share price rose by about 4 Tk or 23 percent to Tk 21.
According to DSE data, the price of each share of Khulna Printing was 7 taka 90 paisa last December 26. That is, it is traded in the stock market at a face value of 10 taka in the last week of December. That price has almost tripled in a month. But the company has been closed for a long time. After 2020, Khulna Printing could not pay any dividend to the shareholders. The company last paid a cash dividend of 25 paise per share in the financial year ended June 2020.
It is categorized as ‘Z’ because it cannot pay good dividends to the investors. Still, the market is not able to rein in the company’s unusual price increase in recent times. Market insiders say a cycle of manipulation is driving up the company’s share price. Otherwise, the share price of this closed company could not have tripled in one month.
People related to the market say that there is currently a slight slowdown in the stock market. Transactions are also slow. Traders are more interested in small and medium capitalization companies for trading in such markets. Because, it is easy to increase the price of such shares in the market by buying few shares or investing money.
