The prices of Apex Weaving shares jumped almost by 20 percent, as the listed company yesterday announced a comeback in production after a layoff for five months.
"We've decided to lift the layoff and resume production, as the gas crisis eased," said its Chairman Harun-Ar-Rashid.
He said gas crisis led to the closure.
After the declaration, posted on the trading server as well as Dhaka Stock Exchange website yesterday, each share of the company saw a rise of Tk 26.75, or 19.93 percent, before closing at Tk 161.
With the rise, Apex Weaving became the largest gainer on the trading floor.
However, the Securities and Exchange Commission recently directed the bourses to delist the company from main trading board and transfer it to the over-the-counter (OTC) market.
Commenting on the issue, Rashid said the management has already informed the market regulator and exchanges of the production resumption so that it could be saved from delisting.
Apex Weaving, a major manufacturer of home textiles and bed sheets, was established in 1996 at East Chandura in Gazipur district.
It was listed on the stock market in 1995 with a face value of Tk 100 each that belonged to the Z-category, the group of poor-performers.
According to the DSE website, sponsors hold 23.44 percent stake in the company, while public holding is 44.18 percent, while institutional stake is 27.22 percent and the rest belongs to the foreign stake.
Benchmark index of the premier bourse -- DSE General Index -- declined 20 points, or 0.27 percent to 7,492, while the key index of the Chittagong Stock Exchange -- CSE Selective Categories Index -- slid 51 points, or 0.36 percent to 14,067.
Losers beat gainers 131 to 107 with three securities remaining unchanged on the DSE, which traded more than 10.71 crore shares and mutual fund units of Tk 1,975 crore.
Of the traded issues on the CSE, 72 advanced and 109 declined with three remaining unchanged. The port city bourse traded more than 1.23 crore shares and mutual fund units of Tk 182 crore.

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