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
DSE
Stocks pass chaotic week
Govt sits with merchant bankers today The government sits today with merchant bankers to find ways to bring stability to the troubled stockmarket. The officials of the market regulator will also be present during the talks. The last week went through chaos, as the general index of the prime bourse plunged 9.21 percent amid credit ... Read more
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
Small investors on rampage: 50 held
Hundreds of small investors, fuming at the series of plunge in share prices, ran amok, clashing with policemen, setting fire to a multi-storied building, ransacking scores of vehicles, attacking brokerages and other business establishments in the city. More than 50 people were detained on charge of vandalism from the trouble-spot Motijheel area, the country’s commercial ... Read more
Stock crash may hurt economy
Economists warn at CPD dialogue; Rehman Sobhan terms stockmarket a casino The ongoing crisis in the sharemarket might affect other areas of the economy that faces the risk of high inflation and volatility in the forex market, economists have warned. They suggested capital market reforms and strong monitoring by Bangladesh Bank to curb excessive credit expansion
Stocks plunge to nine-month low
Protests continue for sixth straight day Stocks continued their nosedive for the fourth consecutive session as the key index hit a nine-month low yesterday. At the end of a four-hour trading session, the benchmark index of the Dhaka Stock Exchange — DSE General Index — came down to 6,052 points, marking a sharp decline of ... Read more
Stock jitters cap the week
Stocks finished the week in jittery trade, as relentless panic pulled the index and turnover down yesterday. The General Index (DGEN) of Dhaka Stock Exchange suffered a 146-point or 2.2-percent loss and came down to 6,527 at the end of a four-hour trading session — frustrating millions of retail investors. DSE President Shakil Rizvi, however, ... 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
Investors take to street for 4th day
Investors of Dhaka Stock Exchange went on a rampage for the fourth day on Wednesday blocking a thoroughfare at Motijheel in the city as the general index of the bourse took a 149-point plunge. Although the index had gained around 117 points in early trading till 1:00pm, it then started to slide and closed the ... Read more
Govt assurance, institutional investors’ return help DSE make magic rebound
Dhaka stocks on Tuesday made a dramatic turnaround on the finance minister’s remark that the capital market would be stabilised this very week and some institutional investors’ re-entry into the market, analysts said. Heavy buying of shares by different government agencies like the Investment Corporation
Investors run riot again
Small investors went on a rampage at Motijheel commercial area on Tuesday, vandalising scores of vehicles and business establishments after the general index of Dhaka Stock Exchange plunged again in mid-day trading. Police detained three investors, while 15 investors and police were injured in two-hour
Investors run amok
Stocks continue to plunge Agitated share market investors went on a rampage on Monday afternoon vandalising scores of vehicles and business establishments at Motijheel in the city as the general index of Dhaka Stock Exchange continued to plunge, shedding 324.51 points on the day. The angry investors took to the streets of Motijheel, the commercial ... Read more
Stock plunge sparks fresh protests
Hundreds of general investors took to the streets and blocked the busy road at Motijheel in the capital on Sunday as the general index of the Dhaka Stock Exchange plunged by 406.29 points three weeks after another massive collapse on January 20. Investors came out of brokerage houses to assemble on the road passing by ... Read more
Frequent changes in directives unnerve investors: experts
Frequent changes in the directives by the stock market regulators and a decreased participation of large and institutional investors have resulted in the current crisis in the Dhaka bourse which collapsed again on Sunday, analysts said. They said a section of institutional investors, who had already taken away from the market
DSE finishes up in volatile trading
Dhaka stocks edged up on Wednesday in choppy trading as investors became jittery again because of a fresh liquidity crisis and the market regulators’ two latest directives on margin loan and face value of securities, market operators said. The benchmark general index of DSE had a bumpy ride on the day and finished up by
Stocks plunge on rumour-driven panic selling
Share prices on the Dhaka Stock Exchange plunged on Tuesday as investors went for panic selling, driven by rumours including one on a squeeze of margin loan by the regulators. The benchmark general index of the DSE fell by 203.25 points, or 2.72 per cent, to close at 7,280.98 points on the day after the ... Read more
Optimism lifts stocks
Analysts say risks are far from over Stocks rebounded for the second day amid optimism that support from market intermediaries and the government would continue. Indices bounced more than 400 points shortly after opening of trade yesterday, as prices of shares started hitting the days’ highest limits, spurred by a mood to retain shares to ... Read more
DSE turnover hits 2-year low amid thin trading
Buyers outnumber sellers by far The daily turnover of Dhaka Stock Exchange on Tuesday plunged to a 25-month low of Tk 206.41 crore due to thin trading at most of the brokerage houses as there was almost no seller of most of the issues. Officials of a number of brokerage houses said the prices of ... 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