BSEC asks Dhaka bourse real-time market surveillance to curb manipulation

The Bangladesh Securities and Exchange Commission (BSEC)
has urged the Dhaka Stock Exchange (DSE) to strengthen real-time market
surveillance and regulatory controls to prevent market manipulation and protect
investors' interests.
The call came during a meeting
between BSEC officials and the DSE surveillance team at the commission's office
today (21 June), where the two sides discussed measures to modernise the
capital market surveillance system and improve market oversight, a BSEC press
release says.
The meeting was attended by BSEC
Acting Chairman Tanwir Habib Rahman, commissioners Nahid Mahtab and Md Nafiz Al
Tariq, as well as senior officials from the commission's surveillance
department. DSE Managing Director Nuzhat Anwar and Acting Chief Regulatory
Officer Mohammad Shafiqul Islam Bhuiyan represented the stock exchange.
According to the release, discussions focused on the development and
modernisation of the capital market, enhancing transparency, and preventing
irregularities and manipulation to safeguard investors.
The DSE briefed the commission on
recent measures it has taken to curb market manipulation. The stock exchange
said it has been temporarily halting trading in shares of companies when
unusual price movements or trading patterns are detected.
BSEC assured the exchange of its
support in building a transparent, accountable and effective capital market.
The commission also advised the DSE
to adopt international best practices in market oversight, including real-time
surveillance systems and other necessary regulatory measures to deter
manipulation.
Recently, the DSE suspended trading
in shares of Shyampur Sugar Mills and Sonargaon Textiles following sharp and
unusual price increases. Trading in both stocks resumed the following day after
the temporary suspension was lifted.
















