• Monday, Aug 08, 2022
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Regulator unhappy with progress in negative equity accounts

  • Published at 12:30 am March 5th, 2021
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Photo: BIGSTOCK

Summarised report during the October-December 2020 showed improvement in the negative equity accounts as compared with the previous quarter

Bangladesh Securities and Exchange Commission (BSEC) has moved to improve the recovery in the negative equity accounts. 

The regulator on Tuesday has directed Dhaka Stock Exchange, Chittagong Stock Exchange and Bangladesh Merchant Bankers Association (BMBA) to work with TREC holders and portfolio managers for achieving a better performance of the negative equity accounts. 

Dhaka Tribune has obtained a copy of the letter. 

Summarised report during the October-December 2020 showed improvement in the negative equity accounts as compared with the previous quarter, said the letter. 

However, the regulator found the overall improvement is still far lower than set target. 

The benchmark index of Dhaka Stock Exchange, DSEX went up by 8.8 per cent during the last quarter of 2020.  

BSEC requested a follow up in this regard within five working days.