AIMS 1st Mutual Fund trade resumes Sunday
Trading of AIMS First Mutual Fund resumes on Sunday.
The Dhaka Stock Exchange (DSE) management yesterday took the decision as directed by the Securities and Exchange Commission.
"We will open the trade considering retail investors' interests. Moreover, the price of the fund is now stable," an official said.
The DSE suspended the trade on February 25 following the fund's dividend declaration.
Then retail investors filed a writ petition with the court, challenging the suspension.
The trustee committee of the mutual fund has announced 70 percent stock dividend for 2007-08 and 2008-09 and a 130 percent right entitlement.
The committee proposed the rights offer, 13 units of Tk 1 each against 10 units of Tk 1 each at a price equal to net asset value per unit.
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