The securities regulator has approved United Commercial Bank's proposal to raise Tk 7.75 billion through a rights share issue and given the go-ahead to a new open-ended mutual fund. The approvals came at the commission meeting on Tuesday chaired by Bangladesh Securities and Exchange Commission (BS
Prime Minister Tarique Rahman on Wednesday unveiled a wide-ranging reform agenda to restore stability in the country’s stock market, rebuild investor confidence and bring to justice those responsible for market manipulation that left thousands of investors financially ruined. Replying to a w
The Dhaka Stock Exchange (DSE) on Tuesday suspended trading of Zeal Bangla Sugar Mills after detecting an abnormal stock price surge even as the company remains burdened with massive accumulated losses. Zeal Bangla's trading suspension is the latest regulatory intervention as the prime bours
The newly appointed chief of the securities regulator said he had been given a mandate by the government's top leadership when he took charge, and that mandate was to turn the market around, for which he would enjoy absolute independence. Masud Khan, in his maiden interview with The FE as chairman
Distressed non-bank financial institution Uttara Finance and Investments Limited revised down its financial results of 2019 from a profit of Tk 1.18 billion to a loss of Tk 3.1 billion, revealing its true status on orders from the central bank. The NBFI also reconfirmed its loss of Tk 4.7 billion
Secondary trading of Treasury bonds on the Dhaka Stock Exchange (DSE) remains subdued despite the rapid expansion of the bond market as a parallel interbank trading platform continues to keep institutional investors away from the bourse. T-bond trading on the prime bourse slid 38 per cent year-on-
The Bangladesh Securities and Exchange Commission (BSEC) is moving to simplify quarterly reporting for listed companies, aiming to reduce their compliance burden without leaving investors in the dark. Currently, public companies must publish exhaustive quarterly financial statements. This often tr
The settlement of investors' complaints submitted online declined 14.97 percentage points year-on-year to 32.80 per cent in the last six months. During the same period - January-June - the number of complaints fell sharply to 146 from 180 in the corresponding period of the previous year. Against
The benchmark index of the Dhaka Stock Exchange (DSE) climbed to a nearly two-year high on Sunday as investors responded positively to market-friendly fiscal measures in the final national budget and a series of regulatory reforms initiated by the securities regulator. Market operators said the la
The Dhaka Stock Exchange (DSE) has drafted an amendment to its listing regulations to allow direct listing of private and multinational companies through a watered-down procedure. The board of the premier bourse has approved the draft and sent it to the Bangladesh Securities and Exchange Commissio
Stocks rebounded strongly this week as the benchmark index of the Dhaka Stock Exchange (DSE) crossed the 5,700-point mark for the first time in 22 months, buoyed by capital market-friendly fiscal measures, easing geopolitical tensions in the Middle East and growing optimism over regulatory reforms.
Listed firms will no longer need to submit quarterly financial statements as the securities regulator will exempt them from such requirement. The chairman of the Bangladesh Securities and Exchange Commission (BSEC), Masud Khan, said this at a programme arranged by the DSE Brokers Association of Ba
After a series of scams by brokerage firms, the securities regulator has decided to tighten oversight of investors' assets digitally to eliminate the risk of fund misappropriation. First, the Bangladesh Securities and Exchange Commission (BSEC) will make it mandatory for brokerage firms to use cer
