Staff Reporter: Lavelo Ice Cream Limited of Tawfiqa Foods and Agro Industries started trading in ‘N’ category on two stock exchanges across the country on Wednesday (February 10th). The stock started trading at Tk 15 on the Dhaka Stock Exchange on the same day.
Besides, at 10:42 pm, the share price rose by Tk 5 or 50 percent. At this time, the company has traded 10 shares only once.
Meanwhile, according to the new rules of the circuit breaker, the circuit breaker has been running on the shares of Lavello since the first day of the transaction. Therefore, on the first day of the transaction, the share price of the company concerned can increase up to a maximum of 50 percent of the offer price of the IPO. Similarly, it can be reduced up to 50 percent, not more.
As per the BSEC guidelines, stock brokers and merchant bankers are prohibited from giving margin loans to buy shares of the company within the first 30 days of the transaction.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
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