Bangladesh Securities and Exchange Commission (BSEC) Chairman Khondokar Rashed Maqsood and four commissioners of the regulatory body have resigned. He submitted his resignation letter to the Financial Institutions Division of the Finance Ministry today, Thursday morning. The division’s secretary, Najma Mobarek, confirmed the news to Prothom Alo. According to sources in the Financial Institutions Division, […]
The government has re-appointed Professor Shibli Rubayat-ul Islam as Chairman of Bangladesh Securities and Exchange Commission (BSEC) for the next four-year term. The reappointment was confirmed through a Finance Ministry circular issued on Sunday. According to the circular, in accordance with the Bangladesh Securities and Exchange Commission Act, 1993, Professor Shibli Rubayat has been re-appointed […]
failed recovery attempts According to insiders, in an effort to keep the situation under control, the regulator called up top executives of various brokerage houses and merchant banks and asked them to reduce share sales. However, they are no longer trying to drive the market. BSEC Executive Director Mohammad Rezaul Karim said, “We want to […]
Only seven companies gained momentum on Thursday, the last working day of the week; The prices of 150 others declined and 154 remained unchanged. Around 80 stocks and mutual funds did not change hands. Most of the shares had very few takers, with a single transaction for 23. A handful of companies saw growth, while […]
The ‘It’s one market, double policy’ was probably introduced to protect all traders in the market. However, this is negatively impacting traders with limited capital with diversified portfolios, who cannot make bulk purchases of a particular stock from the block market, while traders with deep pockets can make huge profits even at the floor price […]
The Bangladesh Securities and Exchange Commission has removed the floor price for 169 troubled stocks, as the first step to completely lift the limit amid a steady fall in share prices. In a notice on Wednesday, the regulator said the circuit breaker or downward price change limit for 169 scrips would be 1 per cent […]
