The price of the shares of National Tubes rose 22 per cent in five trading sessions without having any undisclosed price sensitive information.
The company's share price closed at Tk 190 each on Sunday with 22 per cent rise or Tk 34 from the closing price observed on September 29.
The share price of National Tubes, however, declined 2.47 per cent or Tk 4.70 to close at Tk 186.50 each on Monday.
Earlier, the company's share price rose 25 per cent or Tk 34.40 during September 9 to September 17. Later, the company observed volatility in share price movement.
In response to a DSE query dated September 12, 2019, the company in a knee-jerk reply informed that there is no undisclosed price sensitive information for its recent unusual price hike and increase in volume of shares.
In response to another query dated September 12, 2019 regarding a news published in the daily newspaper with regard to 'NBR has refunded the advance tax to National Tubes'.
The company informed that the news published in the daily newspaper is not authentic.
It also informed that National Board of Revenue (NBR) did not refund any amount of advance tax to National Tubes Limited (NTL).
The company said a news was published in the newspaper with regard to 'work order has been given to National Tubes to establish new pipe lines all over the country, including Dhaka'.
"In this connection, National Tubes has not received any work order."
National Tubes, presently an 'A' category company, was listed with the stock exchanges in 1989.
The company's sponsor-directors hold 0.05 per cent shares, government 51 per cent, institutes 20.14 per cent and general public 28.81 per cent as of August 31, 2019.
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