Ace all-rounder Shakib Al Hasan to enter into brokerage business

World's top all-rounder cricketer Shakib Al Hasan is stepping into brokerage business in Bangladesh.

His company Monarch Holdings has already got approval from the stock market regulator to have Trading Right Entitlement Certificate (TREC), a kind of licence to run brokerage house.

Shakib is the chairman of Monarch Holdings, according to the company's website.

The Bangladesh Securities and Exchange Commission (BSEC) has approved 30 new brokerage houses or issued TRECs for buying and selling shares in the stock market.

Out of the total 54 TRECs proposed by the country's main stock exchange Dhaka Stock Exchange (DSE), 30 TRECs have been approved in the initial stage.

The 30 new TREC approved companies are: Kabir Securities, Monarch Holdings, Sohel Securities, RAK Capital, Jamuna Bank Securities, Snigdha Equities, International Securities Company, South Asia Securities, Tri Star Securities, 3 III Securities, Sonali Securities, KDS Share and Securities, Al Haramain Securities, Mir Securities, TK Share and Securities, NRB Bank Securities, SBAC Bank Investment, Amaya Securities, Prudential Capital, Tafaqul Islamic securities, BNB Securities, Agrani Insurance Securities, Mahid Securities, Baraka Securities, ANC Securities, SFIL Securities, Tasiya Securities, Dynasty Securities, Crystal Securities and Trade X Securities.