Al-Haj Textile director fined

The stock market regulator slapped a director of Al-Haj Textile Mills—Md Shamsul Huda—with a fine of Tk 50 lakh for insider trading and selling shares without any declaration.

The director sold 1.45 lakh shares in the market without any declaration. 

The Bangladesh Securities and Exchange Commission also fined a stock broker of the Dhaka Stock Exchange—ANF Management—Tk 5 lakh as it gave Huda an opportunity to sell the shares.

Moreover, the commission withdrew the textile maker from the spot market.