Price correction continues

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FE Report
Correction of share prices on the Dhaka Stock Exchange (DSE) continued Sunday for four days in a row following a decision taken by the Securities and Exchange Commission (SEC) Monday last asking the merchant banks and brokerage houses to suspend disbursement of loans to investors.
Market operators said the share prices would have plunged further on the day had the debut trading of the Mudaraba Bond of Islami Bank not taken place.
The debut trading of the Mudaraba Perpetual Bond (MPB) of Islami Bank Bangladesh Limited (IBBL) took place on the DSE Sunday with Tk 1.5 billion private placement and Tk 1.5 billion initial-public offerings (IPOs).