Shahjibazar Power trading resumes
FE Report | Tuesday, 21 October 2014
Share trading of Shahjibazar Power Company Ltd (SPCL) resumed Monday after a suspension period of more than ten weeks with an open price of Tk 89.2 each, officials said.
Bangladesh Securities & Exchange Commission (BSEC) suspended the share trading of the company for 'unusual' price hike of its share within debut of 19-trading session on August 11.
The rental power generation company made debut on July 15, this year as 17th listed company under the fuel and power sector in the Dhaka Stock Exchange (DSE).
Between its debut on July 15 and August 11, Shahjibazar's share price jumped 256.8 per cent to Tk 89.2 from its issue price of Tk 25. The 'abnormal' price hike prompted the securities regulator to form a two-member panel to investigate the matter.