SEC Quarterly Review April 2012

Transcription

1 SEC Quarterly Review April 2012 Securities and Exchange Commissi Jiban Bima Tower (14 th, 15 th, 16 th & 20 th Floor) 10, Dilkusha Commercial Area Dhaka-1000, Bangladesh Phe: , Website: Fax: (88)

2 1. The Commissi Professor Dr. M. Khairul Hossain, Chairman Professor Md. Helal Uddin Nizami, Member Mr. Md. Amzad Hossain, Member Mr. Md. Arif Khan, Member 2. Executive Directors of the Commissi: 1. Mr. Abdul Hannan Zoarder ED (Presently under lien to BICM for 2 years) 2. Mr. Anwarul Kabir Bhuiyan ED (Temporarily Suspended) 3. Mr. Farhad Ahmed ED 4. Mrs. Ruksana Chowdhury ED 5. Mr. A.T.M. Tariquzzaman ED 6. Mr. Anowarul Islam ED 7. Mr. Saifur Rahman ED 8. Mr. Ashraful Islam ED 9. Mr. M. Hasan Mahmud ED 2

3 3. Head of the departments of the Commissi 1. Mr. Farhad Ahmed ED (Admin, Finance and Enforcement) 2. Mrs. Ruksana Chowdhury ED (CMRRC and Law) 3. Mr. A.T.M. Tariquzzaman ED (Corporate Finance and R&D) 4. Mr. Anowarul Islam ED (SRMIC and CDS) 5. Mr. Saifur Rahman ED (SRI) 6. Mr. Ashraful Islam ED (Surveillance and MIS) 7. Mr. M. Hasan Mahmud ED (Capital Issue and MF&SPV) 8. Mr. Mahbubul Alam Director (Registrati) 4. Establishment of the Commissi The Securities and Exchange Commissi (SEC) was established 8th June, 1993 under the Securities and Exchange Commissi Act, The Chairman and Members of the Commissi are appointed by the government and have overall respsibility to administer securities legislati. The Commissi is a statutory body and attached to the Ministry of Finance. 5. Missi of the Commissi Protect the interests of securities investors. Develop and maintain fair, transparent and efficient securities markets. Ensure proper issuance of securities and compliance with securities laws. 3

4 6. Main Functis of the Commissi Regulating the business of the Stock Exchanges or any other securities market. Registering and regulating the business of stock-brokers, sub-brokers, share transfer agents, merchant bankers and managers of issues, trustee of trust deeds, registrar of an issue, underwriters, portfolio managers, investment advisers and other intermediaries in the securities market Registering, mitoring and regulating of collective investment scheme including all forms of mutual funds. Mitoring and regulating all authorized self regulatory organizatis in the securities market. Prohibiting fraudulent and unfair trade practices relating to securities trading in any securities market. Promoting investors educati and providing training for intermediaries of the securities market. Prohibiting insider trading in securities. Regulating the substantial acquisiti of shares and take-over of companies. Undertaking investigati and inspecti, inquiries and audit of any issuer or dealer of securities, the Stock Exchanges and intermediaries and any self regulatory organizati in the securities market. Cducting research and publishing informati. 7. Corporate Finance CFD s activities for the quarter:januyary-march, 2012: Sl. No. Particulars Acti taken No. of Company 01. Qualified audit report and/or CFD s observati the audited financial statements. Referred to Enforcement Department for necessary acti against the Companies as their clarificati regarding auditor s qualified report and/or the Commissi s observati were not satisfactory. 02 After examinati of audited financial 01 statements for the year ended June 30, 2011, the matter sent to ICAB for taking measures against the company s statutory auditors. Time extended Time extensi for submissi of audited financial statements for the year ended September 30, Time not extended N-submissi of audited financial statements for the year ended Referred to Enforcement Department for appropriate acti for n-submissi of 01 4

5 September 30, Time extensi for submissi of half yearly financial statements for the half year ended December 31, N-submissi of un-audited half yearly financial statements for the half year ended December 31, N-submissi of quarterly financial statements for the 1 st quarter ended December 31, Clearance for re-appointment of existing auditors for the csecutive period exceeding three years. 08. Reports utilizati of IPO/Right Issue/Cvertible preference shares. audited financial statements for the year ended September 30, Time extended. 01 Referred to Enforcement Department for 18 appropriate acti for n-submissi of half yearly financial statements for the half year ended December 31, Referred to Enforcement Department for 01 appropriate acti for n-submissi of 1 st quarterly financial statements for the period ended December 31, Clearance not accorded. 02 Reports utilizati of fund raised through issuance of IPO/Right Issue/Cvertible preference shares have been examined and put-up for informati of the Commissi. The company has been directed under secti 11(2) of the Securities and Exchange Ordinance, 1969 to submit the timeline/schedule of utilizati of balance amount of Right Issue proceeds. 09. Corporate Governance Guidelines As per the Commissi s decisi amended Corporate Governance Guidelines (CGG) has been sent to CMRRCD for necessary acti. 10. Enlistment of Valuer A Commissi paper has been placed before the Commissi for approval regarding enlistment of valuer for the valuati of Assets and Liabilities of state owned organizatis. 8. Capital Issue Private Company During January-March 2012: for raising of Capital above Tk crore for Private Company SL NO NAME OF COMPANY DATE OF APPLICATION APPLIED FOR STATUS Modern Fiber Industries Energypac Cfidence Power Ltd Artic Biscuits (Pvt) Ordinary Shares of Tk. 60 crore Ordinary Shares of Tk. 6,90, Ordinary share of Tk. 3,24,96,160/ Letter Letter Letter 5

6 Square Ananta PLFS Toilateries Huaxiange Investment Brac EPL Investment Green Life Hospitals Eusof Housing Estate Runner Automobiles Amar Desh Publicatis MTB Securities Visi Capital Management Quality Paper Mills Advanced Network Data System Palmy Shoes United Asugj Power Bangladesh Edible Oil Novo Air Tk. 15,00,00,000/-. Tk. 20 crore Tk. 20,00,00,000/- Ordinary shares Tk. 19,50,00,000/- Tk. 6,89,00,000/- Regarding isaunce of debenture of Tk. 13 crore. Tk.6,03,00,000/- Ordinary shasres of Tk. 31,25,00,000/- Ordinary share of Tk. 27,00,00,000/- Tk. 18,66,75,000/- Tk. 10,58,33,000/- Bus shares of Tk. 6,16,00,000/- Tk. 2,30,00,000/- Tk. 65 crore Tk. 37,49,99,700/- Ordinary share of Tk. 15,00,00,000/ Letter Letter Letter Letter Letter Letter Letter 6

7 Lanka Bangla Securities Eaglerise Electric (BD) Co. Prime Finance Capital Management Emerld Oil and Poultry Industry KDS Accessories Bus shares of Tk. 41,25,03,000/- Tk. 18,00,00,000/- Ordinary shareso of Tk. 60,00,00,000/- Tk. 17,10,00,000/- Tk. 17,52,23,400/ Sl No. 1 2 for raising of Capital above Tk crore for Public Companies Name of the Date of Applied for Issued Company Applicati Khulna Printing & Packaging Regent Textile Janata Bank Shahjalal Islami Bank Capital Management Eagle Box & cart Mfg. Co Post-fact approval to raise paid up capital from Tk crore to Tk. 11 crore. Through issaunce of 10,00,000 Ordinary shares of Tk.100/- each taotaling Tk. 10,00,00,000/- Bus shares of Tk crore Tk.20 crore Regarding raising of paid up capital through issuance of ordinary shares of Tk. 10 each totaling Tk. 9,50,00,000/ ICB Capital Management Shurwid Inndustries Mno Ceramics Industries Bus shares of Tk crore. Regarding raising of paid up capital of Tk. 2,85,00,000/- Tk. 3,67,80,200/

8 Drag Sweater & Spinning Veritas Pharmaceuticals STS Educati Group SBS Cables Raj Lanka Power Company Rupsha Fish & Allied Industries Mithun Knitting and Dyeing Ltd. Robintex Bangladesh Bank Asia Sunflower Life Insurance Co. Orascom Telecom Bangladesh Baira Life Insurance Company Regarding raising of paid up capital of Tk. 1,91,44,000/- through issaunce of bus shares. Regarding raising of paid up capital of Tk. 40,00,00,000/-. Bus shares of Tk. 10,62,76,600/- Tk. 40,41,64,000/- Ordinary and preference shares of Tk. 375,79,30,000/- Tk. 15,00,00,000/- Ordinary Shares of Tk. 6,66,65,800/- Bus shares of Tk. 17,00,00,000/- N-Cvertible Zero Coup Bd of Tk milli. Bus shares of Tk. 60,00,000/- Applicati for waiver from Commissi's Notificati dated May 05, Regarding raisng of piad up capital of Tk. 13,15,60,000/ Status Report of Rights Issue for January - March, 2012 Serial No. Name of the Company Date of Approval Applied for Amount (BDT) 8

9 1 R.N. Spinning Mills Approval of rights issue of 13,91,41,230 ordinary shares of Tk.10/- each at an issue price of Tk. 20 each (including premium of Tk. 10 each) totaling Tk. 278,28,24, at a ratio of 1R:1 2,782,824, LankaBangla Finance Approval of rights issue of 8,23,51,500 ordinary shares of Tk each at par totaling Tk. 82,35,15, at a ratio of 1R:1 823,515, Trust Bank Ltd Approval of rights issue of 53,22,255 ordinary shares of Tk.100/- each at an issue price of Tk.200/- each (including premium of Tk.100/- each) totaling Tk.106,44,51, at a ratio of 1:5 1,064,451, Central Insurance Co. Ltd Approval of rights issue of 11,23,358 ordinary shares of Tk.100/- each at an issue price of Tk. 150 each (including premium of Tk. 50 each) totaling Tk. 16,85,03, at a ratio of 1R:2 168,503, Keya Cosmetics Ltd Approval of rights issue of 7,39,94,493 ordinary shares of Tk each at an issue price of Tk each (including premium of Tk each) totaling Tk. 147,98,89, at a ratio of 1R:1 1,479,889, Total 6,319,184,

10 S l. N o Name of the Co Particulars of the issues for which Commissi accorded csent for publicati of Prospectus during January- March, 2012 Name of the Issue Manag er Date of Approv al Face value Per share Tot al Cap ital (In Tk. ) (9+ 13) Spsors Equity (Excluding premium, In Tk.) Local For Total eig n Public Equity (Excluding premium, In Tk.) General Public (includ ing lac shares reserv e for emplo yees) Forei gn place ment Local place ment Total ( ) Remarks Subscri bed amount Ref Col No Bangladesh ICB 24/01/ crore Issue price of Submarine Capital Tk per 3 crore.12 Cable Manage 7 crore crore share (At a Company ment cror premium of.12 e Tk per share) 2. Unique Hotel & Resorts 3. aamra technologies limited BRAC EPL Investm ents Ltd. Lankab angla Investm ents 23/02/ 12 04/03/ cror e cror e crore cro re crore crore crore crore crore Issue price of Tk per share( At a premium of Tk per share) crore IPO issue price of Tk per share( At a premium of Tk per share) Date of Subsc riptio n Open s: Close s: Surveillance Daily Market Surveillance: As part of daily market surveillance, the surveillance officials watch and analyze the trading activities in both the stock exchanges through n trading -line surveillance system in order to find out irregularities, suspicious trading and market miscducts, if any. At the end of trading, a daily trade report, at the end of week, weekly trade report & mthly trade report is prepared by pointing out market cditis and submitted to the Chairman, the Members and the EDs of the Commissi. Investigati and Enquiry: In cnecti to fair-trading and cfidence of investors in the securities market it is necessary to ensure proper compliance of securities related laws, rules and regulatis through inspecti & investigati in suspicious and manipulative cases. In this regard, activities of the following stock-brokers/stock-dealers of Dhaka Stock Exchange have been investigated by SEC during the referred period. 10

11 Enquiry/Inspecti/Investigati Initiated by Surveillance Department of SEC: Nature of Enquiry & Investigati Enquiry & Investigati Against Enquiry & Investigati Cducted By To investigate into unusual price movement in shares of Savar Refractories, Anwar Galvanizing, Dulamia Cott Spinning Mills, Rahim Textile Mills, Mithun Knitting and Dyeing (CEPZ), Renwick Jajneswar & Co. (BD) and Bangladesh Autocars. - Dhaka Stock Exchange To enquire into unusual trading in shares of listed companies by City Brokerage in its dealer account. City Brokerage (DSE Membership # 145) Securities and Exchange Commissi To enquire into unusual trading in shares of Listed Securities by LankaBangla Securities February 08, LankaBangla Securities (DSE Membership # 132) Securities and Exchange Commissi To enquire into unusual trading in shares of Listed Securities by Royal Capital February 12, To enquire into unusual trading in shares of Listed Securities by Rapid Securities February 13, Royal Capital (DSE Membership # 21) Rapid Securities (DSE Membership # 42) Securities and Exchange Commissi Securities and Exchange Commissi To enquire into unusual trading in shares of Listed Securities by Sinha Securities February 14, Sinha Securities (DSE Membership # 67) Securities and Exchange Commissi To investigate into unusual transacti at DSE February 08, Dhaka Stock Exchange Rems Investment & Securities and Exchange 11

12 To enquire into unusual trading in shares of listed companies by Rems Investment & Securities and Wifang Securities March 05, 2012 Securities (DSE Membership #108) and Wifang Securities (DSE Membership # 210) Commissi To investigate into Trading in Shares of Anwar Galvanizing. - Dhaka Stock Exchange Inspecti/ Investigati initiated by Dhaka Stock Exchange : Nature of Inspecti & Investigati Inspecti & Investigati Against Inspecti & Investigati Cducted By To investigate into aggressive selling in shares of Square Pharmaceutical by LankaBangla Securities February 08, 2012 To investigate into aggressive selling in shares of Saiham Textile Mills by Greenland Equities December 26, LankaBangla Securities (DSE Membership # 132) Greenland Equities (DSE Membership # 18) Dhaka Stock Exchange Dhaka Stock Exchange 10. Registrati Issuance and Renewal of Stock Dealer /Stock Broker Registrati Certificate: During January-March 2012, the Commissi 2 (Two) stock broker and 3 (Theee) stock dealer registrati certificates in favor of different members of Dhaka Stock Exchange Ltd. and 2 (Two) Stock dealer registrati certificates in favor of Chittagg Stock Exchange Ltd. under the wmwkdwiwur I G PÄ Kwgkb ( K wwjvi, K eªvkvi I Aby gvw`z cöwzwbwa) wewagvjv, Moreover, the Commissi renewed 88 (Eighty eight) stock broker and 82 (Eighty two) stock dealer registrati certificates of Dhaka Stock Exchange Ltd. and 28 (Twenty eight) stock broker and 15 (Fifteen) stock dealer registrati certificates of Chittagg Stock Exchange Ltd. respectively during January-March Issuance and Renewal of Authorized Representative Registrati Certificates: 12

13 During the period, the Commissi 165 (One hundred sixty five) authorized representatives registrati certificates of Dhaka Stock Exchange Ltd. and 132 (One hundred thirty two) of Chittagg Stock Exchange Ltd. and renewed 1 (One) authorized representatives registrati certificate of Chittagg Stock Exchange Ltd. under the wmwkdwiwur I G PÄ Kwgkb ( K wwjvi, K eªvkvi I Aby gvw`z cöwzwbwa) wewagvjv, Issuance and Renewal of Depository Participant Registrati Certificate: During the Quarter, the Commissi 4 (Four) depository participants registrati certificates under the wwcwruwi (e envwik) cöweavbgvjv, 2003 and renewed 68 (Sixty eight) depository participant registrati certificates. Issuance of Registrati Certificate for Merchant Banking Operati: During the quarter, the Commissi 4 (Four) registrati certificates for Merchant Banking operati under the wmwkdwiwur I G PÄ Kwgkb (gv P U e vskvi I cvu dvwji g v brvi) wewagvjv, Issuance of Credit Rating Registrati Certificate: During the quarter, the Commissi has approved issuance of 3 (Three) Credit Rating Registrati Certificate under the Credit Rating Companies Rules, Branch Relocati Permissi to the Stock Brokers/Dealers: During the said quarter, the Commissi approved 3(three) Stock Broker & Stock Dealer Companies proposal of Relocati of Branches with in the same area of Dhaka Stock Exchange. 11. Mutual Fund and Special Purpose Vehicle (MF & SPV) During January-March, 2012, Mutual Fund and SPV Department has performed the following duties and respsibilities: Completed the process relating to approval of prospectus and abridged versi of prospectus of NCCBL Mutual Fund One (Closed-end) and MTB Unit Fund (Openend). Completed the process for approval of lottery of NLI First Mutual Fund (Closed-end) and First Bangladesh Fixed Income Fund (Closed-end). Also completed the process of approval for deployment of fund of NLI First Mutual 13

14 Fund (Closed-end) and First Bangladesh Fixed Income Fund (Closed-end). 12. Supervisi and Regulati of Markets and Issuer Companies (SRMIC) COMPLAINT AGAINST LISTED COMPANIES: Nature of Complaint No. of Companies Under Process Referred for Enforcement Resolved Acti N payment or delay in payment of dividend N payment of debenture installment Regarding transfer of shares N receipt of of rights share offering N receipt of annual report Refund warrant N demat of shares Miscellaneous 1 1 Total 1 1 During the January-March, 2012, the following companies held AGM, informati AGM and dividend is shown in the following table: Year End Date of AGM % of Dividend Record Declarati Sl.No. Code Name No cash stock Date Date Savar Refrectories /01/ Samorita Hospital /01/ %B

15 DESCO /01/ %B Eastern Lubricant /01/ Jamuna Oil /02/ %B Power Grid /02/ Meghna /02/ Petroleum %B Southeast Bank /03/ %B Dutch-Bangla /03/ Bank Natial Bank Ltd /03/ %B BRAC Bank Ltd /03/ %B Anwar Galvanizing /03/ Mercantile Bank /03/ %B Prime Finance & /03/ Invest. - 40%B LankaBangla /03/ Finance Ltd. - 30%B IDLC Finance /03/ %B Eastern Bank /03/ %B Makss Spinning /03/ Mills Ltd - 15%B H.R.Textile /03/ %B Dhaka Bank /03/ %B Prime Bank /03/ %B Uni Capital Ltd /03/ %B One Bank /03/ %B Bank Asia /03/ %B S. Alam Cold /03/ Rolled Steels Ltd Rupali Bank /03/ %B Supervisi and Regulati of Intermediaries (SRI) The functis of SRI Department are supervising and regulating the activities of stock-dealers/stock brokers, depository participants, security custodian banks, merchant bankers, market makers, security lenders and borrowers and other market intermediaries. This department cducts the regular inspecti of stock brokers/dealers, depository participants and merchant banks mthly basis and also cducts special inspecti as and when required. The SRI department also deals with the complaints lodged by the general investors and other stakeholders. During, January-March, 2012, the following activities were performed by this department: i) Complaints against Market Intermediaries: Nature of Complaints No. of Complaints Received Under Process Referred to Enforcement Dept. for Acti Referred to DSE/CSE for Acti Resolved 15

16 Lost of shares 1 1 Unauthorized debit of share N-transfer of share N-payment of 1 1 sales proceeds Force sale without intimati 9 9 Financial loss due to ntransfer of share Delay in settlement N-receipt of 2 2 share Corruptis of 1 1 Broker/Dealer Others Total ii) Inspectis cducted: Sl. Type of Market Type of Inspecti Number of Referred to Resolved Remarks No. Intermediaries Inspecti Enforcement Dept. cducted for Acti 1. Stock Broker/ Stock Dealer Mthly regular Inspecti 8 Nil Nil Under Process Special Inspecti Merchant Bank Mthly regular Inspecti Total

17 14. Enforcement During January to March 2012 the following enforcement actis were taken against Issuer Companies, Stock-Brokers/Stock-Dealers and Others by the Commissi for n-compliance of the securities related laws: Against Issuer Company: Violati No. of Issuer Companies Nature of Acti Failure to submit the half-yearly financial statements 1 Penalty Failure to submit the quarter (Q) financial statements 2 Penalty N-compliance of Directive/Notificati/Order 6 Warning Failure to submit the quarter (Q) financial statements 6 Warning Against Stock Broker/ Stock Dealer: Total 15 Violati No. of Stock Broker/Stock- Dealer Nature of Acti N-compliance of securities related laws 8 Warning Grand Total : 15+8 = 23 Total Law Total 378 cases filed by or against SEC are pending in different courts. Name of the courts are given below alg with number of pending cases with each: Sl. No. Name of the Court Number of Cases 01. Supreme Court of Appellate Divisi 06 Bangladesh High Court Divisi rd Additial District Judge Court, Dhaka Special Judge Court and Paribesh Appeal Adalat Metropolitan Sessis Judge Court, Dhaka

18 05. 1 st Asst.Metropolitan Sessi Judge Court, Dhaka th Joint District judge Court, Dhaka th Joint Dist. Judge Court, Dhaka th Asst. Judge Court, Dhaka th Assistant Judge (Savar) court, Dhaka Chief Metropolitan Magistrate Court, Dhaka General Certificate Court, Dhaka. 202 Total Cases : Out of total 15 share scam cases of 1996, 1 case is now pending before the Appellate Divisi, 13 cases before the High Court Divisi of Bangladesh Supreme Court and rest 1 case is pending before the Metropolitan Sessi Judge Court, Dhaka (three) certificate cases were filed against the directors of 03 companies in order to recover the penalty imposed by the Commissi for violati of securities laws during the period January- March, 2012 under Public Demands Recovery Act, Management Informati System (MIS) Management Informati System (MIS) MIS Department is respsible to assist different departments of SEC through development of automati in their activities, development of capital market mitoring system based computerized data analysis, and informing all about securities laws and other related matters through website. At present all officers of SEC use computers in their daily activities. All computers are cnected through local area network (LAN). Different modules of integrated Securities and Exchange Commissi Automated System (SECAS) have been developed at SEC for use of its different departments. Officers of SEC can use broadband internet cnecti from their workstati through cnected LAN. SEC s website ( is enriched with various informati like press release, securities laws, IPO prospectus, eligible securities, depository participants, enforcement actis, reports etc. which are updated regularly and many users visit the website. MIS department works development, modificati and maintenance of the mentied systems. During January-March 2012, Important Web Uploads and Website Visits: Works Number IPO Prospectus/Right offer document Upload 5 Prospectus/ 7 Right 18

19 Enforcement Actis Upload 27 Other Order/Notificati/Directive etc Upload 6 Eligibility of Securities/ List Depository etc. 4 MB, 3 CR and 3 DP Quarterly Report Upload 0 Annual Report Upload 1 Bangla & 1 English Proposed Draft Rule Upload for Comments 5 Press Release 13 Tender 1 Employment Informati 0 No. of Website Visitors (As Per Web Counter) (approx) 17. Research and Development Research and Development Department of the Commissi cducts investors educati program for the general investors, impart capital market related seminar for various government and n-government organizatis, prepares and publishes Commissi s various publicatis regularly, furnishes various reports and informati to the government and other institutis including Ministry of Finance and different regulatory authorities, and makes paper clipping from most of the daily newspapers (20 dailies ) and circulate it to the Commissi and executives. The department also deals the training program of the authorized representatives jointly with the stock exchanges. During the January-March 2012 Research and Development Department has carried out regular activities as mentied in the table below: S/N Name of Work Quantity 1 Training Program for General Investors (Two-days program) 3 Sessis-120 participants 2 Training for Authorized DSE- 2 programs Representatives 120 participants (Two-days program) 3 Annual Report (Bangla Draft) 4 Quarterly Report 1 5 Parikrama 1 6 Mthly Work Plan to MOF 3 7 Mthly Progress Report to 3 19

20 MOF 18. Capital Market Regulatory Reforms and Compliance (CMRRC): During January-March, 2012 the following directives/ amenmends/ order/ notificatis related to capital market have been : µwgk bs welq kªyxwefvm m~î bs 1 Amendment to the Notificati No. SEC/CMRRCD/2008/186/115/Admin/30 dated October 05, 2011 published in the Bangladesh Gazette October 27, 2011 regarding amendment to the Securities and Exchange Commissi (Public Issue) Rules, wmwkdwiwur I G PÄ Kwgkb ( K-wWjvi, K- eªvkvi I Aby gvw`z cöwzwbwa) wewagvjv, 2000 Gi ms kvab 3 wmwkdwiwur I G PÄ Kwgkb (wgdpÿ qvj dvû) wewagvjv, 2001 Gi wewa 56 G DwjwLZ câg Zdwm ji `dv 2 I 5 Gi Kvh KvwiZv ww m ^i 31, 2011Bs ZvwiL ch š wmz KiY 4 wmwkdwiwur I G PÄ Kwgkb ( K-wWjvi, K- eªvkvi I Aby gvw`z cöwzwbwa) wewagvjv, 2000 Gi wewa 5K Gi ms kvab 5 wmwkdwiwur I G PÄ Kwgkb (gv P U e vskvi I cvu dvwji g v brvi) wewagvjv, 1996 Gi wewa 6K Gi ms kvab 6 Amendment to the Securities and Exchange Commissi (Issue of Notificati cöávcb Av `k cöávcb cöávcb Notificati SEC/CMRRCD/2008/186/122 /Admin/37 Dated: January 31, 2012 GmBwm/wmGgAviAviwmwW/ /122/cÖkvmb/38 ZvwiL: deªæqvwi 09, 2012Bs GmBwm/wmGgAviAviwm/ /123 ZvwiL: deªæqvwi 23, 2012Bs GmBwm/wmGgAviAviwmwW/ /124/cÖkvmb/39 ZvwiL: gvp 11, 2012Bs GmBwm/wmGgAviAviwmwW/ /125/cÖkvmb/40 ZvwiL: gvp 11, 2012Bs SEC/CMRRCD/ /126/Admin/41 dated 20

21 µwgk bs welq kªyxwefvm m~î bs Capital) Rules, 2001 March 11, 2012 Trading Mth 19. Stock Exchanges operatial statistics: All Share Price Index DSE OPERATIONAL STATISTICS January-March 2012 Market Capitalizatio n in Milli No. of Trading Days Turnover of Securities in Milli (No.) Mthl y Daily Averag e Traded Amount in Milli Mthly Daily Average January 3, ,230, , , February 3, ,422, , , March 4, ,572, , , Total , , *Index and Market Capitalizati of the last trading day of the mths have been csidered as relevant figures of respective mths. Trading Mth All Share Price Index CSE OPERATIONAL STATISTICS January-March 2012 Market Capitalizatio n in Milli No. of Trading Days Turnover of Securities in Milli (No.) Mthl y Daily Averag e Traded Amount in Milli Mthly Daily Average January 12, ,642, , February 13, ,806, ,969, March 14, ,939, , Total , *Index and Market Capitalizati of the last trading day of the mths have been csidered as relevant figures of respective mths. 21