Friday, December 8, 2023

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

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

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