Dhaka, Bangladesh (BBN) – Trading of all listed securities will be resumed on Sunday under uniform face value at BDT 10 in the country’s two stock exchanges, as per the Securities and Exchange Commission (SEC) directive.
All the listed companies and mutual funds, except three have already been completed to change their face value at BDT 10 to comply with the securities regulator’s directives, official said.
On September 15, the SEC asked all listed companies and mutual funds to change their face value to BDT 10 within November 30, 2011 and effective from December 4 (Sunday).
However, three companies—- ICB, Bangladesh Shipping Corporation and Janata Insurance will be traded with existing face value of BDT 100, as the authorities of these three companies have failed to change denomination of shares.
“Considering the procedural and legal complications the regulator allows these companies’ trading with existing face value,” a SEC official said.
BBN/BB/SI-03Dec11-11:00 am (BST)