HC declares legal SEC order on mandatory shareholding

The High Court on Monday declared legal the Securities and Exchange Commission’s notification issued in November 2011 asking sponsors-directors of listed companies to individually hold minimum two per cent shares of the paid-up capital of their respective companies.
As per the verdict, all sponsor-directors jointly holding less than 30 per cent and

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Banking Division offers recipe for stockmarket

The Banking Division of the finance ministry has recommended 11 steps to the government as measures to curb stockmarket manipulation.
The recommendations were based on a review of a report submitted by a stockmarket probe committee.
According to the Banking Division, a law should be in place to regulate the issue of preference

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Stock prices bounce back amid low turnover, thin transactions

Trading on the DSE resumed Tuesday with a positive note. However, the turnover was abnormally low — Tk 2.06 billion — with a revised circuit breaker mechanism in place for transactions of individual issues.
The revised circuit breaker mechanism, apparantly, discouraged investors from selling their stocks in a situation marked by high demand

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