Dhaka Stock Exchange is likely to start mock online share-trading from tomorrow to make the investors familiar with the process.
The new internet-based trading software MSA Plus will allow clients of different brokerage houses to place their buying and selling orders online.
The DSE management have decided to run a one-month mock trading to orient the investors with the system of the new online trading process.
Already, some 120 of the 217 brokerages have installed the required hardware for the internet-based trading, said DSE senior vice-president Ahsanul Islam on Monday.
'We have prepared a floor with the internet-based trading facility for those brokerages which were yet to have the required logistics to help familiarise their clients with the system,' he said.
He said that transaction under the mock trading will be only for the purpose of training and not to be actually counted.
DSE sources said that they would invite the members of the Securities and Exchange Commission to inaugurate the opening of the mock online trading.
Once the online trading is launched, investors will be given separate passwords against each beneficiary owner's (BO) accounts to log in to the web server of their respective brokerage houses. By logging in, they would be able to trade online without physically going to the houses.
Officials of different brokerage houses informed that hardware installation cost for the new trading technology was around Tk 20 lakh.
Top officials of a number of brokerage houses, however, expressed their dissatisfaction over the delay in introducing the new software.
'We have installed hardwires three weeks back, paying the maintenance cost; but some houses are yet to buy them,' said a senior official of a brokerage house.
He also said that under the new online system there would not be much difference as the orders would be placed by the clients via internet would have to go to the main server under the scanner of their respective brokers.
Meanwhile, the general index of Dhaka bourse or DGEN on Sunday fell breaking an eight-day gaining streak, shedding 91.69 points, or 1.39 per cent.
Market operators said that Sunday's fall of share prices was an upshot of the remark made by the finance minister AMA Muhith on Thursday.
Muhith on Thursday had expressed his dissatisfaction over the recent bullish trend of the stock market without any break.
Some investors also went into profit taking sell-offs after the eight-day surge, market operators said.
Turnover on the day also dropped to Tk 1,157.06 crore which is down by Tk 526 crore from the previous session.
Trading on the bourse started on a negative mood on Sunday as its general index or DEGN slide in the opening hour. The downtrend continued throughout the session, but he DGEN recovered some losses before the closing bell and finished the day at 6,486.58 points.
Of the 262 issues traded on Sunday, 42 advanced, 213 declined, and seven remained unchanged.
The trading on DSE remained closed on Monday on the occasion of Shab-e-Barat.
Source : New Age
