Rumours about the reopening of ‘suspended’ Beneficiary Owner accounts have dragged the Dhaka Stock Exchange, or DSE, index 35 points down. However, rumours soon spread that the Securities and Exchange Commission, or SEC, might allow the reopening of suspended BO accounts, which had been frozen due to alleged market manipulation. The SEC had earlier frozen the accounts of individuals and business groups accused of manipulating share prices. SEC spokesperson Md Rezaul Karim told bdnews24.com that the matter of reopening these accounts is under review to assess whether it could help enhance market liquidity. He added, "If the conditions set at the time of the suspension are met, the Commission may consider reopening these accounts.

Source: bd News24 November 12, 2024 22:27 UTC