S Alam-led banks see sharp rise in share prices
The share prices of five banks associated with S Alam Group saw a significant increase today (22 August) at the Dhaka Stock Exchange (DSE).
The banks are Social Islami Bank, Islami Bank, First Security Islami Bank, Union Bank, and Global Islami Bank.
According to the DSE, the share price of Social Islami Bank surged by 10%, reaching Tk11, with 40 lakh shares traded for Tk4.28 crore during the session. The share price of Islami Bank rose by 9.97% to Tk43, with 33 lakh shares traded for Tk14 crore.
Keep updated, follow The Business Standard's Google news channel
Union Bank shares gained 9.37% to Tk7, Global Islami Bank shares increased by 9.23% to Tk7.1, and First Security Islami Bank shares rose by 8.69% to Tk7.5.
Market insiders attributed the surge in investor interest to the Bangladesh Bank's announcement that these banks would be free from the influence of S Alam Group's management.
