Bangladesh Securities and Exchange Commission (BSEC) has formed a three-member inquiry committee to investigate into recent unusual movement in price and volume of shares of six listed companies.
The committee will investigate recent price hike of shares of Monno Jute Stafflers Limited, Renwick Jajneswar & Co (Bd) Ltd, Stylecraft Limited, Alif Industries Limited, Popular Life Insurance Company, and Monno Ceramic Industries, according to a disclosure posted on the DSE website on Tuesday.
The three member inquiry committee led by BSEC Deputy Director Md Ohidul Islam was asked to submit report within 30 working days, a BSEC official has said.
Although there had been no price sensitive information of the companies, the prices of the companies witnessed sharp rise in recent weeks prompting the commission to launch an investigation, the BSEC official said.
