FE Report
Dhaka Stock Exchange (DSE) will continue further investigation on the unusual price hikes of three 'Z' category companies, despite the share trading of these companies will resume today (Sunday), officials said.
The companies are: Dulamia Cotton, Alltex and Anwar Galvanizing.
Earlier, on April 16 last, the Securities and Exchange Commission (DSE) asked the DSE to investigate the reasons behind the unusual price hikes of these 'Z' category shares.
DSE suspended the trading of these companies along with two other 'Z' category companies following the regulatory order.
An SEC official said the DSE last week submitted the investigation report to the SEC.
He said the DSE management has already found some irregularities occurred during the trading of these companies.
"But DSE authority thinks more investigation is needed to reveal more findings regarding the unusual price hikes of 'Z' category shares," the SEC official said.
That's why the DSE authority will continue more investigation to find other irregularities occurred during the trading of the companies.
Earlier, the SEC asked the DSE to identify major buyers, sellers and brokers involved in trading of these 'Z' category companies' shares, whose prices went up abnormally recently.
Dhaka Stock Exchange (DSE) will continue further investigation on the unusual price hikes of three 'Z' category companies, despite the share trading of these companies will resume today (Sunday), officials said.
The companies are: Dulamia Cotton, Alltex and Anwar Galvanizing.
Earlier, on April 16 last, the Securities and Exchange Commission (DSE) asked the DSE to investigate the reasons behind the unusual price hikes of these 'Z' category shares.
DSE suspended the trading of these companies along with two other 'Z' category companies following the regulatory order.
An SEC official said the DSE last week submitted the investigation report to the SEC.
He said the DSE management has already found some irregularities occurred during the trading of these companies.
"But DSE authority thinks more investigation is needed to reveal more findings regarding the unusual price hikes of 'Z' category shares," the SEC official said.
That's why the DSE authority will continue more investigation to find other irregularities occurred during the trading of the companies.
Earlier, the SEC asked the DSE to identify major buyers, sellers and brokers involved in trading of these 'Z' category companies' shares, whose prices went up abnormally recently.
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