BSEC to investigate Regent Textile, Tung Hai price hike

Dhaka,  Sat,  24 June 2017
Published : 18 May 2017, 11:57:31
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BSEC to investigate Regent Textile, Tung Hai price hike

FE Online Report
The securities’ regulator has formed probe committee to investigate into ‘unusual’ price hike in shares of Tung Hai Knitting & Dyeing and Regent Textile.

Bangladesh Securities and Exchange Commission (BSEC) formed probe committee on Wednesday to investigate into unusual price increase in shares of the two textile sector companies, according to a statement posted on the Dhaka Stock Exchange (DSE) on Thursday.

Within 10 trading days, share price of Tung Hai Knitting and Dyeing rose 11 per cent to close at Tk 16.60 on Wednesday at DSE.

On the other, hand share price of Regent Textile soared 5.50 per cent to close at Tk 31.20 each on Wednesday at DSE within five trading sessions.

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