Business & Economy
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DSE orders probe into unusual price surge in Islami Bank shares

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Business Report :

The Bangladesh Securities and Exchange Commission (BSEC) ordered the Dhaka Stock Exchange (DSE) to investigate the unusual price hike in Islami Bank shares.

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In an order issued on Wednesday, the BSEC said, it is observed that the price and volume of shares of Islami Bank fluctuated significantly in recent times which seems unusual and suspicious.

The DSE will investigate into the trading of Islami Bank shares from 6 August to 25 September to identify the reasons including market manipulation, insider trading and other market abuses behind such unusual movement of price and volume of units of the said scrip, according to the BSEC order.

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