The DSEX advanced 44.92 points, reaching 5209.76 as of 11:04 am.
Finance adviser to visit BSEC today
The investors claimed that the BSEC chairman had failed to prevent the market's downturn.
NCC Bank plans to appeal the decision and seek a review
The Bangladesh Securities and Exchange Commission (BSEC) has alleged that manipulators were fuelling protests against the regulator to prevent it from taking a stand against corruption and reforming the stock market.
The decision was made yesterday at a meeting between BSEC Chairman Khondoker Rashed Maqsood, Rear Admiral Mir Ershad Ali, director general of the Bangladesh Coast Guard, and other officials from the armed forces
The stock market regulator formulated a large number of policies, rules and regulations and passed orders in the last 15 years citing the best interests of investors.
The finance ministry formed the six-member panel, which includes representatives from the Bangladesh Securities and Exchange Commission (BSEC), the commerce ministry, and the Registrar of Joint Stock Companies and Firms
The Bangladesh Securities and Exchange Commission (BSEC) is set to investigate all the activities of Strategic Equity Management Ltd (SEML) since its inception in 2007, and to check for any anomalies
The Bangladesh Securities and Exchange Commission has rejected Baraka Power Limited's application aimed at issuing a Tk 150 crore fully redeemable non-convertible zero-coupon bond.
When the stock market goes through a bearish trend, the regulator usually prods institutional investors, mostly unofficially, to pour money to revive it and some of them respond positively.
Bangladesh Securities and Exchange Commission did not allow any listed company to raise funds through rights offers last year as it followed a go-slow policy in giving approvals.