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Server glitch halts stock trading

Posted by bangladesh

Trading on Dhaka and Chittagong stock exchanges was halted for Tuesday due to persisting problems in the Central Depository Bangladesh Limited server.

The board of directors of Dhaka Stock Exchange decided to suspend trade as trading could not be settled on the bourses on Monday due to the server problem, DSE Public Relations Officer Shafikur Rahman told bdnews24.com.

Chittagong Stock Exchange President Al Maruf Khan told bdnews24.com its board also decided to halt trading for Tuesday.

Officials of several brokerage houses and merchant banks said trading had not been cleared until Monday midnight though CDBL was trying to fix the problem.

DSE Senior Vice President Ahmed Rashid Lali said Monday's trade could not be completed due to software issues at the CDBL and added that the company was trying to fix the problem.

He said trading would be settled once the problem is solved.

CDBL CEO M H Samad said on Monday night that the company's technical team was working to fix the issue with help from Singapore and Mumbai.

He added the Securities and Exchange Commission had been informed of the problem, he said.

GP declares 65% cash dividend

Posted by bangladesh

The only mobile-phone operator on the stock exchange, GrameenPhone (GP), has declared another 65 percent cash dividend for 2011.

A GP source familiar with the company's financial details confirmed about the decision of the GP board of directors.

This announcement comes on top of a 140 percent dividend given earlier.

Also the largest telecom operator in Bangladesh, the company's board took the decision in a meeting on Tuesday evening, said the source who declined to be named as he was not authorised to speak to the media on the issue.

In July last year, GP declared the 140 percent interim cash dividend or Tk 14 per share of Tk 10 each for 2011 based on its half-yearly performance.

The interim dividend was much higher than that of 2010's 35 percent interim dividend and even higher than full year's 120 percent dividend of 2010.