The Bangladesh Securities and Switch Commission (BSEC) ordered the Dhaka Inventory Switch (DSE) to compare the distinctive ticket hike in Islami Bank shares.
In an express issued on the present time (25 September), the BSEC said, it’s seen that the worth and volume of shares of Islami Bank fluctuated vastly in most up-to-date instances which looks distinctive and suspicious.
The DSE will compare into the trading of Islami Bank shares from 6 August to 25 September to name the causes including market manipulation, insider trading and other market abuses in the lend a hand of such distinctive motion of ticket and volume of units of the said scrip, essentially based on the BSEC express.
The BSEC asked the DSE to post the investigative epic throughout the following 30 days.
Islami Bank shares jumped over 115% to Tk70.40 throughout the raid duration.
