Panel to probe nine companies' abnormal price hike in stock market

Bangladesh Securities and Exchange Commission (BSEC) today formed a four-member committee to probe nine listed companies' unusual price hike in the recent time.

The committee will look into the reasons behind the price surge whether there are any insider trading, manipulation or breach of law. 

Sheikh Mahbubur Rahman, the regulator's director, will head the committee and submit their report within 60 days.

The companies that are under BSEC scanner are: Emerald Oil, Anwar Galvanizing, GBB Power, Bangladesh National Insurance, National Feed Mills, Paper Processing and Packaging, Dacca Dyeing, Fu-Wang Ceramic, and Beacon Pharmaceuticals.