28 companies change record date
The dates were changed as there will be no spot market trading at the DSE on Nov 7 and 11
As many as 28 companies listed with the Dhaka Stock Exchange have changed their respective record dates.
The Bangladesh Securities and Exchange Commission on Wednesday said there will be no spot market trading on November 7 and 11.
Clearing and settlement activities at the Dhaka Stock Exchange (DSE) will also remain closed on November 11 as its banker, the City Bank Limited, will halt their banking services for a technology upgradation.
Companies suspend the share trade on their respective record dates, or dates of record, in order to determine which shareholders are eligible to receive a dividend or distribution.
Shareholders who have shares of the companies till the cut-off date are eligible to claim the dividend and to take part in the annual general meeting. The companies exchange shares in the spot market in two working days prior to the record date.
However, shares of the 'Z' category companies are traded in eight days in the spot market prior to the cut-off date.