The stockmarket regulator has directed the bourses, brokers and dealers to stop financial adjustment or money-netting facilities for Grameenphone shares from tomorrow, an initiative to hold back the increasing trend in the price of the mobile operator's stocks.

Each Grameenphone (GP) share continued to gain for the sixth consecutive session yesterday, advancing 6.15 percent to Tk 310.60.

“As price volatility in Grameenphone shares has appeared during the last few days' trading, the commission has stopped the financial adjustment facilities to bring back stability in prices of the company,” said Ziaul Haque Khondker, chairman of Securities and Exchange Commission (SEC).

The SEC issued a circular in this regard yesterday to Dhaka and Chittagong stock exchanges, Bangladesh Association of Publicly Listed Companies and Central Depository Bangladesh Ltd.

The circular said no person shall be allowed to buy share of Grameenphone against value of sale of other securities within the existing settlement and clearance period until further order.