The Dhaka Stock Exchange on Tuesday suspended the trading of the shares of Lafarge Surma Cement Ltd for an indefinite period due to unusual rise in its share price, an official of the bourse said.
In the previous two trading days, the bourse kept the trading of the shares of the company halted on the same ground for certain periods.
'The trading of the company's shares was suspended as the price of its shares was rising abnormally,' said Md Shafiqur Rahman, deputy general manager of the DSE.
'The DSE management will conduct an investigation into the price hike,' he said adding that the trading of the company's shares would resume after completion of the enquiry.
The price of the
scrip rose to Tk 488 on Tuesday from Tk 390.50 on June 19.
The company did not give any dividend to shareholders for 2010 while its accumulated loss stood at Tk 381.64 crore on Mach 31.
The DSE on Tuesday also kept halted the trading of the shares of National Life Insurance Company Ltd and Karnaphuli Insurance Company Ltd for the day for unusual rise in the prices of their shares.
Source : New Age
