Dhaka, Sep 25 (V7N) – The Bangladesh Securities and Exchange Commission (BSEC) has directed the Dhaka Stock Exchange (DSE) to investigate the recent unusual price hike in Islami Bank shares.

In an order issued on Monday, BSEC highlighted that there has been a significant and suspicious fluctuation in both the price and volume of Islami Bank shares in recent weeks. The DSE has been instructed to investigate the trading activities of Islami Bank shares from August 6 to September 25 to identify any potential cases of market manipulation, insider trading, or other forms of market abuse that could be behind the unusual price movement.

The BSEC has requested that the DSE submit a comprehensive report on the findings of their investigation within the next 30 days.

During the investigation period, Islami Bank shares surged by over 115%, reaching Tk70.40.

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