AB Bank share tops gainers’ list without any positive news

The share of AB Bank topped the gainers' list today although there was no good news from the financial institution for the investors.

The lender's stock rose 9.93 per cent to Tk 15.50 today from the previous day. Even, there was no seller of the stock for a big part of the trading hour.

What is more, AB Bank disclosed that it did not get regulatory go-ahead to issue rights share due to the recent fall in its financial performances.

The Bangladesh Securities and Exchange Commission has expressed its inability to approve the rights issue of AB Bank by taking into account the dividend payment history and present financial position, according to the disclosure.

Its earnings per share in the July to September period was Tk 0.13, which was Tk 0.11 in the same period of the previous year.