BSEC approves intraday trading

The Bangladesh Securities and Exchange Commission (BSEC) has approved the introduction of intraday trading, in a move aimed at modernising the capital market and improving trading efficiency.

Intraday trading allows investors to buy and sell stocks within the same day, aiming to capitalise on short-term price movements and market volatility.

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The decision was taken at the regulator’s commission meeting held yesterday, chaired by BSEC Chairman Masud Khan, according to a press release.

The commission approved the necessary arrangements to introduce the system, subject to completing required preparations before launch, it said.

Stock brokers had recently demanded the facility, prompting the BSEC chairman to announce at an event that it could initially be introduced for a select group of fundamentally strong stocks.

The regulator said the move is intended to make the stock trading system more dynamic, efficient and modern.

Meanwhile, the commission also approved, in principle, amendments to the Bangladesh Securities and Exchange Commission (Margin) Rules, 2025. The detailed amendment will be published on the commission’s website for public feedback.

Separately, BSEC approved Royal Footwear PLC’s proposal to raise Tk 12 crore through an Initial Qualified Investor Offer (IQIO), issuing 1.2 crore ordinary shares at Tk 10 each to qualified investors.

Royal Footwear is a fully export-oriented manufacturer that supplies footwear to several countries, including the US brand ROSS. Proceeds will go toward repaying bank loans, improving its working environment, purchasing machinery, and meeting IPO-related expenses.

According to the company’s audited financials as of December 31, 2025, its net asset value per share stood at Tk 27.54 with revaluation, and half-year earnings per share stood at Tk 0.82.

Prime Bank Investment PLC is the issue manager, with Prime Bank Investment PLC and EC Securities Limited acting as underwriters.

The commission approved the proposal submitted by Bangladesh General Insurance Company, trustee of Vanguard AML BD Finance Mutual Fund One, to redeem the fund as its tenure expires.

Vanguard Asset Management Limited is the asset manager of the fund; its total unit capital fund is Tk 104.32 crore, with a face value of Tk 10 per unit.