DSE suspends official for posting wrong PSI

Staff Correspondent | Published: 00:00, Nov 13,2019


The Dhaka Stock Exchange on Tuesday suspended its assistant general manager Sayed Mohammed Jubayer for uploading wrong financial information about ACI Limited on the bourse’s web site making investors suffer.

The bourse also formed a three-member committee to investigate whether Sayed’s act was a mistake or intentional.

Sayed was tasked with running the DSE market operation department carefully, DSE officials said.

The web post uploaded on 10.52am on Tuesday said that ACI Limited made profits of Tk 5.19 per share for the July-September quarter of 2019 but the post was later amended on 12.09pm saying that the company actually made loss of Tk 5.99 per share in the period.

The share prices of ACI surged based on the wrong information.

The probe committee has been asked to submit its report to the DSE management by November 17.

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