The companies to be investigated are Stylecraft Limited, Information Services Network, Fine Foods Limited, and Northern Jute Manufacturing Co Ltd.“The inquiry committee was asked to submit a report within 30 work days. Speaking anonymously to the Dhaka Tribune, a DSE official said: “The share prices of these companies are increasing abnormally. In the aftermath of action by the regulator, the share prices of most of these companies have started to fall. In the last seven months, share prices of some companies showed continuous increases despite the companies not performing well and being traded under the A, B and Z category. Stock market stakeholders say a syndicate is controlling the share price of small capital companies.

Source: Dhaka Tribune November 22, 2018 16:18 UTC