IPO Lottery Result
IPO Lottery Result: AAMRA Technologies Limited and NCCBL Mutual Fund-1
IPO Lottery Result: AAMRA Technologies Limited and NCCBL Mutual Fund-1
The Securities and Exchange Commission yesterday decided to let mutual funds invest in securities freely, in a move that will increase the flow of funds to the cash-strapped stock market.
ICB Asset Management Company Ltd (ICB AMCL), a subsidiary of Investment Corporation of Bangladesh (ICB), has disclosed NAV of two unit funds, said press release on 11 August, 2011.The two unit funds are- ICB AMCL Pension Holders’ unit fund and ICB AMCL Unit Fund. The total NAV of ICB AMCL Pension Holders’ unit fund stood at BDT 408,133,486.76 on the basic of the cost price and BDT 467,459,411.58 on the basic of market price at the close of business operation on 09 August this year.
The Ministry of Finance on 11 August,2011 appointed Prof S.M. Mahfuzur Rahman as the new Chairman to the Investment Corporation of Bangladesh (ICB),ministry source confirmed.
The Securities and Exchange Commission (SEC) has approved Initial Public Offering (IPO) of Zahintex Industries Ltd, a concern of renowned group viz. Givensee Group of Industries Ltd. The securities regulator gave IPO approved to a company under fixed price method. The approval came in a commission meeting on 03 August, 2011 with SEC chairman Khairul Hossain in the chair.
South Asia Federation of Exchange (SAFE) has decided to provide consultancy services to the countries of South Asian Association for Regional Cooperation (Saarc) to help develop respective stock markets. The federation has taken steps to increase co-operation among Saarc countries to develop and expand their stock markets, said Fakhor Uddin Ali Ahmed, SAFE's vice president. SAFE took the decision on July 6 after a meeting of its executive committee in Nepal. The central bank of Nepal showed interests in consultancy services for Saarc countries, said Ahmed, also a president of Chittagong Stock Exchange.
The leaders of the bourses have opposed the move to listing Central Depository Bangladesh Limited (CDBL) with the stock exchanges saying that the company might become controversial if it fails to safeguard the investors' rights.
The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) completed the listing process of Mobil Jamuna Lubricants (MJL) Bangladesh on 22 June, 2011. The company will make debut at DSE and CSE on 26 June, 2011.
The Securities and Exchange Commission (SEC) has brought changes in merchant bank and portfolio manager rules 1996, barring the merchant banks from appointing or sacking their managing directors and chief executive officers without its prior permission.
The existing tax exemption benefit for stockmarket investors will continue, even though their income is above the threshold limit, finance minister AMA Muhith said in his budget proposal on Thursday.
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