Five cos see abnormal price hike sans PSI

FT ONLINE

The share prices of five listed companies rose 'abnormally' though there was no undisclosed price sensitive information (PSI) in favour of the recent price hike.

Following the abnormal price hikes, the Dhaka Stock Exchange (DSE) made queries and in response, the companies in their 'knee-jerk reactions' have informed that there was no undisclosed PSI for recent 'unusual' price hike.

The companies whose share price rose abnormally are Pharma Aids, Sonali Aansh Industries, Ambee Pharmaceuticals, Savar Refractories and Queen South Textile Mills.

The share price of Pharma Aids jumped 51 per cent or Tk 232.40 during June 3 to June 28 on the DSE.

The company's share price was Tk 456.2 each on June 3 and the price rose to Tk 650.1 on June 21, 2018.

Finally, the company's share trading closed at Tk 688.40 each on June 28.

The share price of Sonali Aansh Industries rose 8.75 per cent or Tk 27.20 to close at Tk 338 each on Thursday last.

The company's share price declined during June 18 to June 26. Later on Thursday last, the price jumped to Tk 338 each with a rise of 18 per cent or Tk 52 in just two sessions.

The share price of Ambee Pharmaceuticals rose 17 per cent or Tk 84.3 in last three sessions to close at Tk 591.7 each on Thursday last.

The share price of Savar Refractories, a 'Z' category company, rose 21 per cent or Tk 31.1 in last two sessions to close at Tk 179.3 each on Thursday last.

Similarly, the price of Queen South Textile Mills, a newly-listed company, rose 22 per cent or Tk 11.4 in last six sessions to close at Tk 62.30 each on Thursday last.