Standard-Bank-Limited

Standard Bank Limited informed SEC by letter about their forthcoming investment in capital market.On last Sunday, authorities of Standard Bank sent a letter to SEC with detail information regarding their forthcoming investment including the name of Broker House where they will trade.According to the letter, Standard Bank informed SEC that they will buy stock through their own subsidiary company broker house SBL Capital Management Limited along with another DSE member company broker house ARC Securities Limited.Bank officials also confirmed that, they have finished all formalities and paper work to start buying through those two broker house mentioned in the letter.

Earlier, four other banks also submitted details of their forthcoming investment to SEC. In reply to the query of SEC, National Bank, Pubali Bank, Exim Bank and NCC Bank submitted all financial and other details including the name of Broker House where they will buy and the time period within which they will finish their buy.

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