DSE warned National Insurance for unusual prices  

Despite the downturn in the stock market over the past week, the general insurance company Bangladesh National Insurance has shown strength in raising prices. The company’s share price rose 34.19 percent last week.

The Dhaka Stock Exchange (DSE), the country’s main stock exchange, said the price hike was unusual. The DSE issued a warning message on Sunday (April 11) to warn investors.

According to the DSE, the company was notified on April 8 due to the unusual rise in the share price of Bangladesh National Insurance.

In response, company officials said there was no undisclosed price-sensitive information due to the recent unusual rise in share prices.

A review of the data shows that the company’s share price has been rising for almost a month. On March 21, the company’s share price was Tk 74. From there, the company’s share price rose to 99 rupees.

The company paid 12 percent cash dividend to its shareholders in 2019. Earlier in 2018, the company also paid 12 percent cash dividend. And in 2016 and 2017, the insurance company pays 10 percent cash dividend.

Sunbd/NJ