Sunday, April 14, 2024

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

Banking Division offers recipe for stockmarket

The Banking Division of the finance ministry has recommended 11 steps to the government as measures to curb stockmarket manipulation. The recommendations were based on a review of a report submitted by a stockmarket probe committee. According to the Banking Division, a law should be in place to regulate the issue of preference

DGEN slides below 6000 after 9 months

Persisting panic selling pressure dragged down the benchmark DGEN index below the 6000-mark yesterday, after nine months, adding further fuel to the protest fire that has already engulfed the streets for the last seven days. Thousands of small investors, fuming at the series of plunges in share prices, ran amok – clashing with policemen, setting ... Read more

Stock prices bounce back amid low turnover, thin transactions

Trading on the DSE resumed Tuesday with a positive note. However, the turnover was abnormally low — Tk 2.06 billion — with a revised circuit breaker mechanism in place for transactions of individual issues. The revised circuit breaker mechanism, apparantly, discouraged investors from selling their stocks in a situation marked by high demand

Trading at bourses resumes today

Finance ministry finalises 14 decisions to stablise market Trading at the Dhaka and Chittagong stock exchanges will resume today with the circuit breaker on general indices withdrawn after a two-day trade suspension following a share market debacle and subsequent violent protests by small investors. The market regulators, as per the directive of the government, had ... Read more

Stock efforts fall apart

6 brokers’ trading suspended for 30 days on market volatility charges; top bosses stripped of responsibilities; book-building system on hold; markets closed on Sunday The share index breaker failed to prevent a free fall in prices on the Dhaka and the Chittagong stock exchanges yesterday. The Dhaka stock index had nosedived 600 points before the ... Read more