BSEC forms body to probe Dominage Steel share price hike
Stocks
The Bangladesh Securities and Exchange Commission (BSEC) has formed a committee on Wednesday to investigate the recent post-debut price hike of Dominage Steel Building Systems Ltd's shares.
BSEC Deputy Director Md Saiful Islam will lead the two-member committee while Assistant Director Md Bony Yeamin Khan will assist him to find if there had been any irregularities in the trading of the company's shares.
Dominage Steel debuted in the stock market on 2 December, 2020 and it took only nine working days for its share price to climb up from Tk15 per share to Tk43.3.
The share price came down to Tk31 each through a correction over the last 13 sessions.
BSEC Spokesperson and Executive Director (Current Charge) Rezaul Karim told The Business Standard that the committee would check if any irregularities took place during the price hike and its recent fall.
The committee will submit their findings to the commission in 30 working days.
Comments
While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.