Trading in Confidence Cement suspended

Trading in Confidence Cement suspended
Published: 19 December 2003

The Chittagong Stock Exchange (CSE) also suspended the trading of Confidence Cement Limited shares for two weeks from yesterday. Earlier, on Wednesday the Dhaka Stock Exchange (DSE) decided to suspend trading of Confidence Cement shares from December 18 to December 31 for conflicting information regarding its annual general meeting (AGM) and dividend. As the DSE postponed the trading of Confidence Cement for its misinformation, which may distort price and instabilise the capital market, the CSE also suspended the cement company's trading, CSE Chief Executive Officer (CEO) Wali-ul Maroof Matin told The Daily Star yesterday. The CSE officials will meet the DSE officials tomorrow (Saturday) to take necessary steps against the incident, he said. The suspension came after the DSE listing committee found contradictory information in the Confidence Cement AGM notice given to DSE and the communiqué published in daily newspapers.