Dhaka, Bangladesh (BBN) - Trading of Eastern Housing Ltd (EHL) shares has come under fire as Dhaka Stock Exchange (DSE) halted its trading for 15 minutes due to abnormal price hike on Monday.
Trading of the EHL shares, however resumed later on the day, DSE officials told BBN in Dhaka.
On Monday, share price of EHL gained 6.75 percent to BDT 1320.
Share prices of EHL was moving upward considerably even after the company said that there is no undisclosed price sensitive information of the company for its recent unusual price hike, they added.
The DSE, however, warned the investors to be more cautious before making investment decision on the stocks as its unusual share price hike is under investigation.
Just four days back, Securities and Exchange Commission (SEC) directed the bourse to probe EHL's abnormal share price rise, as its prices skyrocketed by more than 90 percent to BDT 1320 in the last one-month.
The SEC also asked the DSE to submit the probe report by August 31.
BBN/SI/AD-23Aug10-9:54 pm (BST)
