Staff Reporter: There is no price sensitive information behind the unusual share price increase of Gemini Knitting and Dyeing Limited. The company said this when asked about the reason for the abnormal rise in the price of DSE shares.
According to the DSE, the DSE sent a notice on September 6 due to the recent abnormal rise in the share price of Gemini Knitting. In response, the company said the share price was rising without any undisclosed price sensitive information.
Market observation shows that the company’s share price on the DSE on August 16 was 18 rupees 70 paise. On September 9, the company’s share price rose to 22 rupees. The DSE authorities consider the increase in the company’s price to be unusual.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
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