BSEC suspends share trading of Zeal Bangla Sugar Mills

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Dhaka, Bangladesh: The Bangladesh Securities and Exchange Commission (BSEC) halted the trading of shares of Zeal Bangla Sugar Mills till further notice after the exchange detected unusual transactions and price movements.

The company listed in 1988 witnessed a hike in stock price from Tk 38 to Tk 210 in one and a half months. The company’s stock was flat for the last two years trading between Tk 35 to Tk 45, suggests the data from Dhaka Stock Exchange.

According to the news report published in Thedailystar.net, a top official of the stock market regulator on the condition of anonymity said, “The low paid-up capital of the company has made it a target of gamblers who manipulate the trading.”

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