IFIC Bank to go to spot market Tuesday

Trading of the shares of IFIC Bank Ltd will be allowed only in the spot market from Tuesday.

Block transactions will also be settled as per spot settlement cycle on Sept 8, 9.

The information was confirmed on the website of the Dhaka Stock Exchange (DSE).

Trading of the shares of IFIC Bank Ltd will remain suspended on Sept 10 due to record date for an extraordinary general meeting (EGM).

Another record date for entitlement of the proposed rights shares will be notified later after obtaining approval from Bangladesh Securities and Exchange Commission (BSEC), according to DSE sources.