The Bangladesh Securities and Exchange Commission has asked the Dhaka Stock Exchange to investigate an unusual surge in share prices of Khulna Printing and Packaging Limited.
The surveillance department of the market and intermediaries affairs division of the BSEC issued a letter to the Dhaka bourse in this regard dated January 22.
The commission in the letter said, 鈥業t is observed that the price and volume of KPPL shares fluctuated significantly in recent times, which seems unusual and suspicious.鈥�
According to DSE data, KPPL shares聽climbed to Tk 33.20 each on Tuesday from Tk 11.20 on January 5, rising by TK 22 in only one month, despite a DSE disclosure on January 27 that a team of the DSE visited factory premises and head office of Khulna Printing and Packaging Limited on February 4, 2024 to inspect their current operational status and found closed.