According to data from the Dhaka Stock Exchange (DSE), Crown Cement’s share price increased 10% to Tk57.2, hitting the upper circuit breaker and triggering a trading halt.
File image of Masud Khan, group chief executive officer of Crown Cement PLC. Photo: Courtesy
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File image of Masud Khan, group chief executive officer of Crown Cement PLC. Photo: Courtesy
Shares of companies linked to newly appointed BSEC Chairman Masud Khan surged on his first trading day in office, reflecting strong investor interest.
Crown Cement and Unilever Consumer Care, where Khan held key positions prior to joining the Bangladesh Securities and Exchange Commission (BSEC), recorded gains during the session.
According to data from the Dhaka Stock Exchange (DSE), Crown Cement’s share price increased 10% to Tk57.2, hitting the upper circuit breaker and triggering a trading halt.
Premier Cement also rose 10% to Tk51.7. Khan previously served as Group CEO of Crown Cement Group, whose sponsors also hold directorship positions in Premier Cement.
Meanwhile, shares of Unilever Consumer Care increased 3.13% to Tk2,132 as of 10:25am. Khan earlier served as chairman and an independent director of Unilever Consumer Care.
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