BSEC orders DSE to investigate abnormal price surge in Islami Bank shares
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Bangladesh Securities and Exchange Commission (BSEC) has directed the Chief Regulatory Officer (CRO) of the Dhaka Stock Exchange (DSE) to investigate the reasons behind the abnormal price hike in Islami Bank shares.
The DSE has been instructed to complete the investigation within 30 working days and submit the investigation report to the BSEC's Surveillance Department.
The BSEC, in an order issued on Wednesday, said the share price of Islami Bank has increased dramatically. Within a short period, the company's share price has doubled.
The regulatory body has ordered an investigation into the increase in Islami Bank's share price from August 6 to September 25 of this year.
The CRO of the DSE has been instructed to investigate market manipulation, insider trading, and other irregularities, according to the BSEC order.