In The Last Two Weeks 16,500 BO Accounts Were Closed.

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In The Last Two Weeks 16,500 BO Accounts Were Closed.

In the two weeks of this July, 16 thousand 479 BO accounts were closed in the capital market. 16 thousand 82 BO accounts were closed in the previous month in June. This information is known from CDBL sources. However, the company said that there are 72 thousand 458 BO accounts that have not yet bought shares after opening new BO accounts.

According to the information received, on July 11, the total number of BO accounts in the capital market was 17 lakh 58 thousand 667. Last May 30 was 17 lakh 91 thousand 228. As per the latest data, 13 lakh 6 thousand 168 of the active BO accounts had more or less shares. But 3 lakh 80 thousand 41 had no shares. The last two days on July 10 and 11, 6 thousand 206 new shares were bought. At this time Techno Drugs’ IPO share distribution in BO may be the reason for this increase, said the concerned.

Market people said that after the withdrawal of the floor price, the stock market was in recession for four consecutive months from February 12. At this time, many have sold shares and closed their accounts. The review shows that the share price was on an upward trend for four consecutive weeks from June 12. However, the trend of attracting new investors has not been seen much.

Officials of the brokerage house said that regardless of whether there are shares in the account, the account management renewal fee from Tk 450 to Tk 350 has to be paid to CDBL, of which the government receives Tk 200 and the regulatory agency BSEC takes Tk 50. If the customer of the account without shares never uses that account again, the entire loss of 350 rupees is the company’s. Because of this, brokerage houses closed inactive accounts throughout June and July.

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