Shares of the country’s second-largest mobile operator, whose issue price is Tk 10, hit Tk 15 at 10:12 am, according to data on the Dhaka Stock Exchange. With the view to preventing shares soaring astronomically on their debut, the Bangladesh Securities and Exchange Commission imposed a circuit breaker from last year. On its maiden trading session, the stock’s price cannot increase by more than 50 per cent on the issue price. Transactions crossed Tk 800 crore by noon with the introduction of Robi shares, according to BSEC Chairman Shibli Rubayet ul Islam. Robi’s third-quarter’s takings take its profit in the first nine months of 2020 to Tk 116.1 crore, up 1.9 per cent year-on-year.

Source: Dhaka Tribune December 24, 2020 19:07 UTC