While fines are intended to deter future offences, questions remain over their effectiveness if the amount is lower than the illegal gain.
The share prices of Sea Pearl Beach Resort and Spa Limited soared from Tk 60 to Tk 320 on the Dhaka Stock Exchange (DSE) within just one year after frenzied speculation in 2023 that a foreign investor would buy a significant stake in the company.
Over the past 15 years, investors have fled the market, initial public offerings (IPOs) have been scarce and capital market growth has fallen short of expectations. Despite this dry market, the number of stock intermediaries entering the market increased steadily.
The stock market regulator approved 127 firms for listing in the past 14 years, allowing their transition from private to public companies. However, the subsequent outcomes are disheartening as most of these companies showed declined performance rather than growth.
The public administration ministry is likely to allow government employees to trade in the share market, a reversal of a decades-old rule.
A price spike of blue-chip stocks played an important role for the gain
The benchmark index also falls to a 3-year low
Stocks in Bangladesh dropped for a fifth consecutive day yesterday for a selling spree of some large investors, sending the major index of the Dhaka Stock Exchange (DSE) to a three-year low.
The benchmark index of the Dhaka Stock Exchange (DSE) fell yesterday, snapping a two-day winning streak, as some traders booked profits.
The main index for measuring share price performance in the stock market of Bangladesh continued to curve upwards yesterday even though the government has announced plans to slash export subsidies.
