Web Quotes Share Price Rising Without Reason
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An unusual surge has been observed in the share price of Web Quotes PLC, a listed company on the SME platform of the country’s stock market. The continuous rise in the company’s stock price without any price-sensitive information (PSI) has sparked curiosity among investors and raised concerns over potential risks.
However, the company authorities have stated that there is no undisclosed price-sensitive information behind the surge.
The information was published on Sunday on the websites of the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
According to reports, the DSE issued a query letter to the company on 10 June after noticing abnormal increases in both share price and trading volume. In its response, the company officially confirmed that it currently holds no undisclosed information that could affect its share price or trading activity. In other words, there has been no significant change in the company’s business operations or financial condition that could justify the price surge.
DSE data shows that the company’s share price has risen sharply over the past month. On 17 May, the share price stood at 21.18 taka, which increased to 34.10 taka by 10 June. This represents a rise of 12.92 taka or more than 61 percent over 14 trading sessions.
Alongside the price increase, trading volume has also surged unusually. In some sessions, daily transactions have been significantly higher than normal levels. Such trading activity in small-cap companies often indicates artificial demand.
Web Quotes PLC was listed on the stock market in 2024. The company has a paid-up capital of 330.14 million taka, with a total of 33,014,100 shares. As of 31 December 2025, sponsors and directors hold 61.83 percent of shares, institutional investors hold 10.91 percent, and general investors hold 27.26 percent.
