This will result in the issuance of 96.77 crore rights shares, subject to approval from shareholders

According to a disclosure on the Dhaka Stock Exchange (DSE) today, the decision was taken at a board meeting on August 27

Dhaka Stock Exchange (DSE) has suspended trading of three non-bank financial institutions (NBFIs) after Bangladesh Bank (BB) declared them non-viable and started liquidation proceedings to protect depositors and restore discipline in the financial sector.

The Shariah-compliant business operations will run simultaneously with its existing conventional business, the NBFI said

Despite years without dividends, these companies remain listed as investors drive some shares above stronger firms

Retail investors have few quality stocks to choose from while large institutions stay away

The move is expected to curb unusual price movements

The stock market’s performance depends on how well listed companies perform, but many firms disappointed shareholders in the last fiscal year, offering low dividends mainly due to weak sales and profits.

Bangladesh’s stock market took a heavier hit than most of its global peers following the United States and Israel’s attacks on Iran, as investor panic and weak market safeguards amplified a selloff that rattled bourses worldwide.

The DSEX rose 7.97 points to 5,068.98 by 12:06 pm

The DSEX dropped 7.76 points to 5,108.12 by 12:18 pm

The DSEX rose 41.22 points to 5,152.82 by 12:14am

The DSEX rose 33.25 points to 5,077.5 by 11:54am

The DSEX declined 58.14 points to 5,225.57 by 12:26pm

The DSEX gained 31.84 points to close at 5,447.63

The DSEX increased 53.27 points to 5,445.92 by 12:06 pm

The DSEX increased 45.18 points to close at 5,392.65

The DSEX decreased 7.58 points to 5,339.88 by 12:10 pm

The DSEX increased 11.62 points to 5,393.47 by 11:38 am

Dhaka stocks continued their downward trend for a third consecutive day, with the main index seeing a decline driven by poor performances in the non-bank financial institutions (NBFIs) and engineering sectors yesterday.