Aftab Auto's trading halted

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FE Report
Trading of Aftab Automobiles, a sister concern of Navana Group, was halted Monday in violation of listing regulations for the second time in a span of two months.
Trading of the company was halted for the market enquiry after it failed to submit any documents to the Dhaka Stock Exchange (DSE) regarding direct listing of Navana CNG Ltd, within their committed time limit.
The company earlier informed to the bourse about direct listing of Navana CNG as price sensitive information. On March 18 last the company's trading was halted due to its unusual share price hike.
Share price of Aftab Automobiles fell 0.87 per cent to close at Tk 1449.50 per share on the day.
Dhaka stocks rallied Monday ending the third straight session of marginal fall with most of the sectors shining.
The benchmark index DSE General Index (DGEN) rose 26.70 points to close at 2526.77. All Shares Price Index (DSI) and DSE 20 Index (DS20) comprising blue chip gained 20.60 points and 7.08 points to close at 2104.94 and 1917.99 respectively.
The market saw pullback on the day on strong buying binge, fuelled by the news that the non-banking financial institutions (NBFIs) would have to comply the BASEL-II provision by the end of 2010 as per central bank's directive, analysts say.
Turnover gained modestly to stand at Tk 5.60 billion, up from previous day's Tk 5.09 billion.
The top five most traded issues were Beximco Limited, Summit Power, Titas Gas, Bextex Limited and S Alam Cold Rolled Steels Ltd.
Pharmaceuticals, service and real estate, NBFIs and insurances were the best performing sectors on the day while most of the banks and fuel and power gained. Most of the mutual funds and IT lost on price correction.
Among banks, BRAC Bank gained the highest 4.3 per cent. Among the pharmaceutical companies, Square Pharma gained 0.1 per cent, Beximco Pharma 0.7 per cent and ACI 3.1 per cent.