The Al-Haj Textile Mills saw its share prices keep on surging over the last one month, even though its production has remained suspended.
The company has no 'undisclosed' price sensitive information. Yet, its share price jumped 55.57 per cent on the Dhaka Stock Exchange (DSE) in the last one month.
The unusual price hike prompted the DSE to make a query to the company. In response, the company informed the DSE on Wednesday that there is no undisclosed price sensitive information for the recent price surge.
On the day, the company's share price closed at Tk 73.90 each, up 2.10 per cent over the previous trading session.
The share price of Al-Haj Textile was Tk 47.50 each on July 22. Since then it has climbed 55.57 per cent to Tk 73.90.
Meanwhile, the company has extended its lay-off period for the third time on August 8 last, as there was no 'improvement' in the sale of manufacturing yarn.
On August 8, Al-Haj Textile Mills informed the DSE that with no improvement in the sale of manufacturing yarn, the authorities have further extended their lay-off period for another 15 days.
Al-Haj Textile, presently an 'A' category company, was listed with the stock exchanges in 1983.
The company's sponsor-directors hold 12.78 per cent shares, the government 0.03 per cent, institutes 9.43 per cent and general public 77.76 per cent as on June 30, 2019.
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