Trading of uniform face value securities starts

Dhaka, Bangladesh (BBN) – Trading of the uniform face value of BDT 10 of all listed companies/mutual funds started from Sunday in comply with an order of the securities regulators—the Securities and Exchanges Commission (SEC).
 
However, three companies – Investment Corporation of Bangladesh (ICB), Bangladesh Shipping Corporation (BSC) and Janata Insurance – could not complete the procedures in time and are being traded at a face value of BDT 100.

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).

BBN/BB/SI-04Dec11-4:28 pm (BST)

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