IPO: Rangpur Dairy & Food Products Ltd (Subscription Open: 11.09.11, Close: 15.09.11) ** Zahintex Industries Ltd (Subscription Open: 18.09.11, Close: 22.09.11) *** AB Bank first Mutual Fund (Subscription Open: 25.09.11, Close: 29.09.11)****Bangladesh Shipping Corporation - RPO (Subscription Open: 09.10.11, Close: 13.10.11)*****First Bangladesh Fixed Income Fund (Subscription Open: 16.10.11, Close: 20.10.11) Right Share:*Federal Insurance Company Ltd(Subscription Period 05.09.2011 to 03.10.2011) Ratio of Rights Issue 2R : 1, Issue Price BDT 10;** International Leasing & Financial Services Ltd(Subscription Period 06.09.2011 to 02.10.2011) Ratio of Rights Issue 1R : 1, Issue Price BDT 100;*** United Airways (BD) Ltd (Subscription Period 22.09.2011 to 13.10.2011) Ratio of Rights Issue 1R : 1,Issue Price BDT 15;****Bank Asia Ltd(Subscription Period 12.10.2011 to 10.11.2011) Ratio of Rights Issue 1R : 4, Issue Price BDT 100;*****Lafarge Surma Cement Ltd (Subscription Period 19.10.2011 to 13.11.2011) Ratio of Rights Issue 1R : 1, Issue Price BDT 100, Record date : 03.10.2011;******Premier Leasing & Finance Ltd (Subscription Period 26.10.2011 to 22.11.2011) Ratio of Rights Issue 1R : 1, Issue Price BDT 100, Record date : 10.10.2011;

Hi ! Bangladesh Fund

Dhaka stocks closed lower on 5 May, despite debut trading of 'Bangladesh Fund' as big and institutional investors remained away from the market following government's stand to re-investigate probe against big players.
The 'Bangladesh Fund' could not make any positive impact in the market as big and institutional investors remained idle, dealers said.The largest ever mutual fund failed to spur the investors' sentiment as the major index shed more than 73 points on the day, said a leading stock broker.
The open-ended mutual fund with Tk 5 billion initial capital entered the market on 5 May and started to invest with purchasing of a lot of 50 shares of government-run Titas Gas; a day after the Securities and Exchange Commission's approved its registered trust deed.
Investors showed their enthusiasm just for initial two hours of the trading in response to the news that the fund entered into market. But later the index gradually went to the negative terrain and finally closed 73 points lower.
Capital market analyst Akter H Sannamat said the big market players and their  associates, who made big volume of trade are far from the market as the government plans to re-investigate against them.He also said,"The big investors and their associates, who made big volume of trade are now keeping safe distance from the market and many of them gradually sell-off shares instead of buying, fearing possible government action.All the big investors did not play foul in the recent market debacle, so government should clear it against whom they are going to take decision ."
He said only "Bangladesh Fund' could not bring the market stability. To bring the market stability, it needs constructive, thoughtful and collective effort of all concerned."
"Investors remained skeptical of the opening hike of the benchmark and did not indulge in the rising trend. Rather investors took 'wait and see' policy to observe the market behavior in coming sessions before going for fresh exposure," said LankaBangla Securities in its daily market commentary.

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