Fligts Suspension For Cash Crunch: United Airways share price plunges
The share prices of the United Airways dropped by 7.63 percent today, a day after the private airliner cancelled all its flights for an indefinite period due to fund crisis.
At the closure of trading at Dhaka Stock Exchange (DSE) -- the country's premier bourse –today, the market price of United Airways share stood at Tk 10.90, which was Tk 11.80 at the end of trading yesterday.
The price will not decrease further as per circuit breaker rule of the DSE rule which does not allow a stock price to go down or up by a certain level.
Meanwhile, the authorities of the private airliner did not inform the DSE authorities about their suspension of operation, said Swapan Kumar Bala, managing director of the DSE.
"We now are taking steps in this regard," he added.
As per rules, any company or...