The Dhaka Stock Exchange will get technical support from the Asian Development Bank (ADB) and International Finance Corporation (IFC) for its demutualization, The Daily Star reports. Demutualization of a bourse converts it from an entity owned by mostly brokerage-owning members into a for-profit company owned by shareholders.

It ensures sound corporate governance, alternative business models and operational efficiency. A demutualised exchange can also freely trade on the market similar to any other public company.

Click here for the story from The Daily Star.