The Dhaka Stock Exchange on Sunday requested the finance minister to clarify the government’s position on the scope for investing undisclosed money in the capital market. DSE president Rakibur Rahman made the request at a post-budget press briefing at the bourse’s office in the city.
capital market
Incentives proposed to appease investors
The government has proposed a set of proposals for the financial year 2013-2014 for the stock market ahead of the next national elections to boost the capital market and apparently to get the public sentiment in favour of the government. The capital market has been suffering since the market
Most MFs see profit fall in Jan-Mar
The mutual fund sector at the capital market was passing through a tough time as profits of most of the funds declined in the last quarter (January-March) compared to that in the same quarter of the previous year due to a prolonged downtrend in the market amid political turmoil. An MF is one type of professionally-managed scheme ... Read more
BIA seeks reduction in capital gain tax
BLFCA for withdrawal of tax on zero coupon bond Bangladesh Insurance Association on Sunday demanded that the National Board of Revenue reduces capital-gain tax on company taxpayers’ income derived from share transactions in the capital markets to 5 per cent from the existing 10 per cent. At a pre-budget discussion with the NBR, the BIA ... Read more
Stocks end flat for 2nd day with high turnover
Dhaka stocks ended flat for the second day on Thursday, the last trading session of the week, amid increased turnover as the investors’ confidence in the stock market remained shaky due to the instability on the political front. DSEX, the benchmark general index of the Dhaka Stock Exchange,
United Power holds road show for IPO price discovery
The road show of United Power Generation and Distribution Company Limited, a private power enterprise, was held in the city on Wednesday to discover the indicative price for offloading its shares in the capital market under the book-building method. The company had submitted its information memorandum
SEC announces capital market master plan
The Securities and Exchange Commission on Sunday announced a 10-year capital market master plan which would allow the commission to operate independently of the government. According to the plan, the SEC will be able to formulate its own budget without permission of the government and will also able to recruit manpower according to its
15 new securities enter stockmarket
Fifteen new securities found their way into the stockmarket this year, up from 13 last year, although the market showed clear signs of volatility in 2011 with twin price debacles. Eight equity securities, six mutual funds or investment securities and a convertible bond came to the stockmarket, according to data from Dhaka Stock Exchange. The ... Read more
Stock market stimulus package announced
The Security and Exchange Commission on Wednesday announced the stock market stimulus package which included some immediate steps to the relief of mostly institutional inventors and pledges for some special schemes for non-institutional investors. The commission chair, M Khairul Hossain, in the afternoon announced a number of steps
Stocks plunge ahead of stimulus announcement
Speculation over non-inclusion of CRR, SLR reduction spread panic Dhaka stocks plunged by 224 points on Wednesday in late panic-driven selling following a rumour in mid-session that the government’s stimulus package which would be announced after trading hours would not include reduction of banks’ cash reserve requirement and statutory liquidity ratio. DGEN, the benchmark general ... Read more
DSE turnover crosses Tk 8b mark
Buoyed by a number of measures to lift the stockmarket, turnover at the Dhaka Stock Exchange crossed Tk 8 billion on Tuesday, surpassing by a staggering nearly Tk 3 billion transaction of the day before. The bullish run has been continuing for the past couple of days after the bourse authority and the National Board ... Read more
Stocks rally for 2nd day on PM pledges
Dhaka stocks continued to rally for the second consecutive day on Thursday, with the turnover posting a significant rise, as the prime minister’s directive to bring back stability in the country’s ailing capital market infused the investors with new hope. DGEN, the benchmark general index of Dhaka Stock Exchange, rose by 3.59 per cent, or
Stock index hits 2-year low
Prompts agitating investors to demo in front of SEC Capital market investors on Monday staged demonstrations on the streets in Motijheel and in front of the Dilkusha office of the Securities and Exchange Commission as the stock prices on the Dhaka bourse went on a free fall and its general index fell to below the ... Read more
30 top DSE brokers blame BB for share market volatility
Top brokerage houses of the Dhaka Stock Exchange on Sunday blamed Bangladesh Bank’s frequent change in policies on commercial banks’ role in the capital market for the current liquidity crisis in the market. At a meeting with the DSE board, some 30 top brokers identified six major reasons for the latest fall in transaction volume ... Read more
Investors must keep it in stocks till June ’13: NBR
The National Board of Revenue on Tuesday said the investors must keep the undisclosed money invested in stocks till June 2013 to avail the opportunity of legalising it by paying 10 per cent tax. The board in an order issued on Tuesday said the holders of undisclosed money would have to invest it in the ... Read more
Share splitting used as a tool to inflate prices
Stockmarket Probe Report Share splitting used as a tool to inflate prices Split of shares used as a tool to sweep up small investors’ money had been a major reason behind the massive price inflation on the stockmarket, said the government probe committee on the recent market debacle. Market capitalisation of the companies, which split ... Read more
Govt to amend laws to stop forced share sales
Muhith says merchant banks must increase paid-up capital The government is going to amend the existing laws to restrain the merchant banks from forced selling of clients’ portfolios and to increase the amount of minimum paid-up capital set for the banks, finance minister Abul Maal Abdul Muhith said on Friday. ‘Forced selling is unfair. We ... Read more
Bear run at DSE, protests on
The bear run and investors’ demonstrations continued at the Dhaka Stock Exchange on Thursday, the last trading day of the week, belying the finance minister’s assurance that the capital market would be stabilised by the week. Hundreds of investors took to the streets at Motijheel for the fifth day after the
Probe ordered, trading resumes tomorrow
The government on Sunday asked the merchant banks to reinvest their profits made from the volatile share market in a bid to bring back normalcy to the capital market, trading on which had remained suspended for the past two days. Trading on the capital market is scheduled to resume on Tuesday after the government