Two insurance companies saw their share prices rise 'unusually' high without any price sensitive information (PSI).
The share prices of the two companies-Bangladesh General Insurance Company (BGIC) and Peoples Insurance Company-soared around 27 per cent and 41.47 per cent respectively in the last 17 sessions on the Dhaka Stock Exchange (DSE).
In response to separate queries from the DSE, both the companies replied that there is no undisclosed price sensitive information for recent 'unusual' price hike of shares.
The share price of BGIC closed at Tk 25.60 each on Thursday, advancing 9.87 per cent over the previous day.
On January 2, the company's share price ended at Tk 20.20. Since then, the share price climbed around 27 per cent.
The share price of Peoples Insurance Company closed at Tk 24.90 each on Thursday, gaining 7.76 per cent over the previous day.
On January 1, the company's share price closed at Tk 17.60 each. Since then, the share price jumped 41.47 per cent.
