The surge comes a day after the Bangladesh Securities and Exchange Commission (BSEC) imposed a lifetime ban on controversial businessman Salman F Rahman, his son, and former BSEC chairman Shibli Rubayat-Ul-Islam over irregularities in issuing IFIC Amar Bond
Representational image. Picture: TBS
Dhaka stocks opened on a strong note today (31 July), with the benchmark index DSEX of the Dhaka Stock Exchange (DSE) soaring 95 points or 1.77% to reach 5,447 within the first hour of trading until 11am.
The surge comes a day after the Bangladesh Securities and Exchange Commission (BSEC) imposed a lifetime ban on controversial businessman Salman F Rahman, his son, and former BSEC chairman Shibli Rubayat-Ul-Islam over irregularities in issuing IFIC Amar Bond.
During the same session, the blue-chip index DS30 gained 40 points, standing at 2,105.
Of the securities traded, 255 advanced, 68 declined, and 61 remained unchanged, according to DSE data.
Yesterday, the BSEC announced its decision to permanently bar the trio from participating in the capital market, citing evidence of serious violations.
Source: The Business Standard
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