DSE Finds No Cause for Saif Powertec, IPDC Price Jumps
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Dhaka Stock Exchange (DSE) revealed that the share prices of listed companies Saif Powertec and IPDC Finance have increased at an unusual rate.
DSE sought explanations from both companies to find the reason behind the sudden price surge. In response, both institutions stated that their share prices are rising without any undisclosed price-sensitive information.
On 2 June, Saif Powertec’s share price stood at Tk 6.10, rising to Tk 8.10 on 15 June - a gain of Tk 2, or around 33 percent, within nine working days.
During the same period, IPDC Finance’s share price climbed from Tk 18.90 to Tk 27.20 - an increase of Tk 8.30, or nearly 44 percent, over the same nine working days.
As the DSE found no immediate financial or declared reason behind the surge, investors have been urged to consider the risks before making decisions. Market insiders advise extra caution in cases of such unusual price rises.
