7 companies see unusual price hike sans PSI

Seven listed companies have witnessed unusual hike in their share prices at the Dhaka Stock Exchange (DSE) without any undisclosed price sensitive information (PSI).

The companies are - Dulamia Cotton Spinning Mills, Dominage Steel Building System, Shepherd Industries Limited, International Leasing, FAS Finance & Investment, Libra Infusions, and Eastern Lubricants.

Following the abnormal price hikes, the DSE made queries and the companies in their 'knee-jerk reactions' informed that they have no undisclosed PSI for the recent price hike and increase in volume of shares.

According to DSE data, the share price of Dulamia Cotton was Tk 54 on August 9 and it rose to Tk 78 on September 6.

At the same period, the Dominage Steel’s share price hiked from Tk 29 to Tk 38, while the Shepherd Industries’ share price from Tk 18 to Tk 21.

Meanwhile, the Eastern Lubricant’s share price, which was Tk 1,417 on August 18, rose to Tk 2,205 at the Dhaka bourse on Wednesday.

The share price of International Leasing was Tk 8 on August 9 and it rose to Tk 11 on September 7 at the DSE.

Fas Finance’s share price was Tk 7.9 on August 9 and it rose to Tk 11 on September 7.

Apart from that, the share price of Libra Infusions rose from Tk 704 to Tk 999 within the last six trading sessions.