Dhaka, Bangladesh (BBN) – Dhaka Stock Exchange (DSE) is going to introduce T+2, which will allow maturity of shares in two trading sessions, from April 16 this year scrapping its existing T+3 trading cycle.
DSE officials said after the introduction of T+2 trading cycle investors would be able to sell shares after two trading sessions of purchase instead of present three days.
After the introduction of T+2 trading cycle, shares under A, B and N category will be settled in T+2, while shares under the Z (junk) category will be settled as per the previous system of T+8, under which shares cannot be sold before eight days of purchase.
The DSE board on January decided to introduce T+2 trading cycle within February. But, delay in publishing the amended settlement regulations and lack of preparation of the foreign portfolio managers delayed the process.
BBN/SSR/AD-17Mar14-8:50 am (BST)