Struggling under heavy classified loan burdens, several non-bank financial institutions (NBFIs) have emerged as top performers in the stock market, posting sharp price increases in February after months of steep declines triggered by liquidation concerns.
According to data from the Dhaka Stock Exchange (DSE), the share prices of eight troubled NBFIs surged between 145% and 224% during the month, even though most of them remain under severe financial distress and face potential liquidation.
The rally came after their share prices had earlier plunged to historic lows amid continuous sell-offs driven by investor fears that shareholders could lose their entire investments if the institutions were wound up.