Trading of Rupali Bank shares will resume after the completion of dematerialisation of at least half of the bank's public shares.
The Dhaka Stock Exchange (DSE) authorities, in consultation with the Securities and Exchange Commission (SEC), yesterday took the decision for trade resumption of the state-run bank shares, which has remained suspended since November 6 last year.
The bank has a total of 1,25,00,000 public shares.
As per the premier bourse's decision, at least 62,50,000 public shares will be converted into electronic scrip from the existing paper scrip before for the share trade to resume.
“We have decided that when a sufficient number of public shares, which is at least half of the public shares, are dematerialised, we will restart the trading of Rupali Bank shares,” said Salahuddin Ahmed Khan, chief executive officer of DSE.