Such misconduct in the capital market frequently leads to general investors losing money as they gamble in junk shares, despite warnings from regulators and financial experts to not pour funds into the capital market without proper knowledge and information. When questioned by the DSE, all the companies denied there being any undisclosed information for which their share prices are rising. Speaking to the Dhaka Tribune, former finance adviser to the caretaker government, AB Mirza Azizul Islam, said this is "not a good sign" for the capital market. Capital market analyst Prof Abu Ahmed says the regulatory agency's surveillance system is capable of identifying any inconsistencies in the capital market, but they should take legal action against price manipulators. The commission decided on the punitive measures after detecting anomalies in the trading of the companies’ shares.
Source: Dhaka Tribune February 24, 2019 15:56 UTC