Shareholders of Four companies have placed selling order in Over the Counter (OTC) market of Dhaka Stock exchange (DSE). But still now no buyer arrived to choose and buy the shares.

The shareholders of Modern cement limited, Excelsior Shoes limited, Maq Enterprise limited and BCIL placed the sale orders in the OTC market. Finding no buyer the shareholder of Modern cement limited has placed his revised sale order on the 21^st October. On the 14^th October his previous sale order for 4000 shares (8 lots) was Tk. 18 each and the revised rate is Tk. 15.00 and the shares contain its face value Tk. 10. The last trading of this company was held on the 30^th June of the running year at the price Tk. 17.90. Another two shareholders of Excelsior Shoes limited and Maq Enterprise limited have placed their sale order for 50 shares each on the October 15, 2009 and desired selling rates are Tk. 72.25 and Tk. 40.00 respectively. Both the companies’ market lot contains 50 shares each and it’s face value is Tk. 100.

The shareholder of BCIL has placed the sale order for 200 shares (20 lots) at the rate Tk. 53.75 each that contained face value Tk. 10. Last trading of the aforesaid three companies was held on June 30, 20009, at the rate Tk. 69.25, Tk. 37.75 and Tk. 53.75 respectively.

The officilas of OTC market said that sellers were coming in the market off and on to have the information. He added, one shareholder of United Commercial Bank (UCB) limited is supposed to place his sale order within this week. According the officials, the buyers need not come to the market. They will collect a sale order form the stock brokers and fill up this with share quantity and desired selling rate within the circuit breaker. The purchasers have no option of bargaining without choosing and purchasing the shares. There’s only pick and choose facilities for the interested buyers (stock-dealer/stock-broker) can come to the OTC, check the log of sale orders and pick the securities of his choice. After that, the buying stock dealer/stock-broker will submit a buy order to the OTC (Buy order enclosed). Then the buying stock-dealer/stock-broker shall make full payment, including the commission or charges, to the exchange through bank pay order/demand draft on the day of buy of securities at OTC within 2:00 pm to 4:00 pm. Then the buying stock-dealer/stock-broker shall make full payment, including the commission or charges, to the exchange through bank pay order/demand draft on the day of buy of securities at OTC within 2:00 pm to 4:00 pm. The OTC shall deliver the concerned securities to the buying stock-dealer/stockbroker on the working day following the day of crediting the amount of the pay order/demand draft in the exchange's bank account maintained for this purpose. The buying stock-dealer/stock-broker shall deposit the securities with the issuer company for registering the securities in his name, or in the name of his customer within three working days of getting the securities. The buying stock-dealer and stock-broker must collect deposit receipt at the time of depositing the securities. After that, the stock-dealer/stock-broker submits the deposit receipt copy of concerned securities to the OTC within next two working days of issuance of such receipts. The issuer company shall transfer the deposited securities in the name of the applicants and keep ready for delivery of the securities to the depositor within five working days of receiving the securities providing acknowledged copy to the OTC and the stock-dealer/stock-broker. After getting the acknowledged copy, buying stock-dealer/stock-broker and selling stock dealer/ stock-broker will sign in the trade confirmation copy that is maintained by OTC. (Trade Confirmation enclosed).