Bangladesh Securities and Exchange Commission (BSEC) has formed a panel for probing into the continuous share prices fall of Titas Gas Company Limited.
A two-member panel has been asked to submit its investigative report within five working days.
Over the last one month, the state-owned natural gas transmission and distribution company Titas Gas lost more than 30% in its share prices.
Yesterday, its stock prices dipped 9.8%-the worst loser of the day-as investors released their holdings after the news that its first quarter earnings dropped sharply 33.72% compared to the same period a year earlier.
Titas Gas witnessed higher volume of trade with shares worth almost Tk40 crore changing hands.
Meanwhile, UFS Popular Life Unit Fund, an open-end mutual fund, got approval from the BSEC to begin its operation.
The initial size of the fund is 20 crore. Of the fund, Tk20 crore has been allotted for sponsors and Tk60 crore for all investors while per unit value of the fund is Tk20.
