GP share price falls 4.54pc

The market heavyweight Grameenphone (GP) faced 4.54 per cent fall in share price yesterday to close the week at 244.50.  
According to industry insiders, sale of GP shares by foreign investors and  recent negative comment of state minister for foreign affairs  are the reasons behind the sharp fall.
The company’s share price has been declining for last 45 days. Yesterday a media report on GP’s poor service was published in news papers quoting state minister for foreign affairs which has caused the sharp fall in GP’s share price.
The company’s share price was Tk 409 on September 28, 2014, according to that the company’s share price dropped by Tk 165 in one year.
The listed company’s 95 per cent share belongs to 20 companies, according to DSE.
Also, the announcement of  Airtel and Robi merger did not help the GP share price.

GP share price falls 4.54pc

The market heavyweight Grameenphone (GP) faced 4.54 per cent fall in share price yesterday to close the week at 244.50. According to industry insiders, sale of GP shares by foreign investors and recent negative comment of state minister for foreign affairs are the reasons behind the sharp fall. The companys share price has been declining for last 45 days. Yesterday a media report on GPs poor service was published in news papers quoting state minister for foreign affairs which has caused the sharp fall in GPs share price. The companys share price was Tk 409 on September 28, 2014, according to that the companys share price dropped by Tk 165 in one year. The listed companys 95 per cent share belongs to 20 companies, according to DSE. Also, the announcement of Airtel and Robi merger did not help the GP share price.