Share price of Rupali Bank soaring sans PSI
Share price of Rupali Bank Limited is soaring despite there is no undisclosed price sensitive information (PSI).
Within two trading sessions, the bank’s share price jumped more than 12 per cent or Tk 6.80 each to close at Tk 62.50 on Tuesday. The bank’s share price was Tk 55.70 on Sunday last.
Following the recent abnormal price hike of the company’s share, the Chittagong Stock Exchange (CSE) served show-cause notice on the bank Tuesday.
In response to CSE's query dated 19 December 2017 regarding the upward trend of its share price and volume, Rupali Bank Limited informed today (Wednesday) that they have no decision of the company or incident that may cause such upward trend of the trade of shares of the company.
The bank, which was listed on the Dhaka bourse in 1986, disbursed 10 per cent stock dividend for the year ended on December 31, 2016.
The bank has reported consolidated EPS of Tk 0.23 for July-September, 2017 as against Tk (9.05) for July-September, 2016.
In nine months, consolidated EPS was Tk 0.90 for January-September, 2017 as against Tk (7.96) for January-September, 2016.
The bank’s paid-up capital is Tk 7.0 billion and authorised capital is Tk 3.03 billion, while the total number of securities is 303.64 million.
The government owns 90.19 per cent stake in the bank while the institutional investors own 2.94 per cent and the general public 6.87 per cent as on November 30, 2017, the DSE data shows.