The Dhaka Stock Exchange (DSE) on Tuesday bought the highest ever volume of company shares not settled in a single trading day after a brokerage house encountered technical difficulties on Monday.
DSE coordinated between buyers and sellers after International Leasing Securities failed to execute the settlement of the shares of 123 companies with Central Depository Bangladesh Limited (CDBL).
“Since the broker failed to buy the shares on behalf of their clients, the DSE has purchased those shares in line with the settlement law,” DSE acting managing director, Abdul Matin Patwary, told the Dhaka Tribune.
According to an official statement of DSE, willing sellers were requested to let the DSE Clearing House know prior to placing sale orders.
Once trade was executed, selling brokers were requested to transfer the shares to the DSE clearing account from the broker clearing account using the pay-out process bz 2:30pm.
Share trading of 123 companies remained unsettled on Monday.