DSE submits probe report on 12 low-cap companies - Share market analysis of dhaka stock exchange, Bangladesh

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11 December, 2013 11:01 AM Source: The Daily Star Bangladesh

 The Dhaka Stock Exchange has submitted its investigation report to the stockmarket regulator on an abnormal hike in the prices of 12 low-cap companies’ shares.
The companies, whose market capitalisation range between Tk 40 lakh and Tk 31 crore, gained nearly 50 percent to 150 percent in just 15 trading days in September, when the overall market sentiment was dull.
The stockmarket regu-lator will take action against the firms soon, said Saifur Rahman, executive director of Bangladesh Securities and Exchange Commission.
The companies are: Legacy Footwear, Desh Garments, BD Autocars, Rahima Food, In-formation Services Network, Monno Jute Stafflers, Modern Dyeing and Screen Printing, Anwar Galvanising, JMI Syringes and Medical Devices, Hakkani Pulp, Intech Online and Al-Haj Textile.

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