brokerage house
80 percent of brokerage houses struggling
About 80 percent of brokerage houses have been struggling to meet their operating expenses for the last one and a half years due to the floor price barrier, the sector’s leaders said on Thursday.
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They said that trading in the country's stock market has decreased significantly due to the fixing of the floor price (minimum selling rate) by the regulator.
They said this in a views exchange meeting with members of the DSE Brokers Association of Bangladesh (DBA) and Capital Market Journalists Forum (CMJF) at the DSE Tower in Nikunjs of the capital on Thursday.
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Saiful Islam, President and Director of BRAC EPL Stock Brokerage Limited, Senior Vice President and Managing Director of IDLC Securities Muhammad Saifuddin, Vice President and Managing Director of Eminent Securities Umar Haider Khan, CMJF President SM Golam Samdani Bhuiyan, General Secretary Abu Ali, Former President Ziaur Rahman, and Vice President Babul Burman, among others, were present in the meeting.
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11 months ago
Crest Securities Limited chairman, wife held for embezzlement
Detectives in a drive arrested the Chairman of Crest Securities Limited, a brokerage house of Dhaka Stock Exchange and his wife Nipa Sultana from the bordering area of Laxmipur-Noakhali for embezzling crores through their brokerage house.
4 years ago