Four companies resume trade today on the Dhaka Stock Exchange after a halt of one month in the wake of an unusual hike in their stock prices.
Alltex Industries, Dulamia Cotton Spinning Mills, Anwar Galvanising and Legacy Footwear received approval on Thursday to start trading shares on the bourse.
The approval came after DSE's probe committees completed their investigations, which initially found some irregularities in trading of shares of the companies, a DSE official said.
The investigation report has already been submitted to the Securities and Exchange Commission (SEC) to help the regulator conduct its probe, if it wants, he added.
Earlier, the Dhaka bourse halted trading of the five listed companies, including National Tea Company, for a month due to an unusual hike in their share prices.
DSE suspended activities of the first four companies on April 18 and National Tea faced the halt on April 24, according to a posting on DSE website.
Shares of Alltex Industries traded at Tk 110 in the first week of March, but rose to Tk 360.25 on the last day of trading before the halt is slapped. The face value of the company, a 'Z' category share, is Tk 100.
Dulamia Cotton traded at Tk 160 in the first week of March, but its prices rose to Tk 481 on the last day of trade. The face value of the 'Z' category company is Tk 100.
Share prices of Anwar Galvanising, also a 'Z' category company, were Tk 250 in the first week of March and traded at Tk 440.5 on the last day of trading.
Stocks of Legacy Footwear were traded at Tk 25 but soared to Tk 50 before DSE stepped in with a suspension order. There will be no price limit on the trading of the company today following its corporate declaration.
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