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
stock market
BB to set up Tk 900cr fund for stock market
Bangladesh Bank on Wednesday said that it would set up a refinance fund of Tk 900 crore to compensate small investors hit hard by the capital market crash should the government approves it.
The BB will raise the fund from its profit that the central bank sends to the government every year, BB deputy governor SK Sur Chowdhury said at a press conference
Six NBFIs incur losses in Jan-Mar
Six out of 22 non-bank financial institutions listed with the stock exchange incurred losses in the January-March quarter due to poor investment opportunities
and prolonged downtrend in the stock market.
Eight NBFIs made lower profits while eight others saw
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,
Stocks decline amid poor turnover
Dhaka stocks declined on Sunday as the turnover recorded a significant fall.
Although most of the companies gained on the day, the fall of shares prices of the companies with large paid-up capitals orchestrated the fall.
The turnover of the bourse declined to Tk 114.34 crore,
Foreign investments in stocks drop in March
Foreign investment in the Dhaka Stock Exchange declined last month amid political unrest across the country.
According to Dhaka Stock Exchange data, the net foreign investment declined to Tk 90.53 crore in March from the previous month’s Tk 103.56 crore while it was Tk 99.72 crore in January.
Market operators said political instability and acts of violence
Stocks plunge for second week on political turmoil
Dhaka stocks continued to plunge for the second week as investors went for sell-offs amid political unrest and poor dividend declaration by banks.
Last week, DSEX, the benchmark general index of Dhaka Stock Exchange, lost 4.72 per cent, or 173.80 points, to close at 3,507.86 points.
DSE demands Tk 5,000cr budgetary allocation
Urges policymakers to stop blame-game
The Dhaka Stock Exchange on Thursday demanded Tk 5,000 crore budgetary allocation for the stock market in next budget and suspension of banks’ stock loss provisioning until 2014.
‘The finance ministry needs to allocate Tk 5,000 crore in the next budget to support the market in its crisis situation,’ DSE president Rakibur Rahman
Dhaka stocks return to red on fresh political tension
Dhaka stocks ended down on Thursday after a two-day rise which was preceded by a seven-day fall due to renewed tensions on the country’s political front.
The key index of Dhaka Stock Exchange, DSEX, finished at 3,507.85 points, shedding 0.51 per cent or 18.27 points. The DSEX had gained
MF profits down in H1 amid stock depression
A prolonged depression in the country’s stock market continued to take its toll on the mutual fund sector as profits of majority of the funds decreased in the first half of the current fiscal year compared with those in the same period of the previous year.
An MF is one type of professionally-managed scheme which pools money from many
Stocks gain amid low turnover
Dhaka stocks returned to positive zone on Monday amid thin trading after the World Bank on the day announced to send two visiting teams by October to review financing the Padma bridge project.
DGEN, the benchmark general index of Dhaka Stock Exchange, gained 0.98 per cent or 44.93 points, to close at 4,589.33 points. The DGEN lost 137.78 points on Sunday
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 value of public offerings
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 index of the Dhaka Stock Exchange, on the day lost 4 per
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 of Revenue declared moves to prop up the ailing market following meetings with
Investors take to streets again in fear of another debacle
DGEN plummets by 174 points, SEC advises investors not to panic
Aggrieved share investors staged rowdy demonstrations on the streets of Motijheel on Tuesday when the general index of Dhaka Stock Exchange plummeted by 174.65 points, stretching the bear-run to seventh day because of panic-driven sell-offs.
Some of the investors could not hold their nerve and went for heavy sell-offs of shares within 30
DSE falls for 6th day on rumour of large-scale disinvestment
A panic caused by a rumour that some of the heavyweight players were going for massive disinvestment following the news that the Securities and Exchange Commission was preparing to take legal actions against market manipulators during the last stocks debacle pulled down the Dhaka stocks on Monday.
The benchmark general index of the Dhaka Stock Exchange, or DGEN, took a 92.02-point or 1.42 per
Stocks end the week in red
Stocks returned to the red as trading sessions advanced toward the close last week, ending a five-week gaining streak. Profit-taking pushed down market indices.
The benchmark general index of Dhaka Stock Exchange, DGEN, capped the week at 6,587, declining 73 points or 1.10 percent. The yardstick of the premier bourse gained 884 points or 15.15 percent in five
Stocks suffer swings, end in the red
Stocks fluctuated yesterday before settled in the negative zone as the investors went for selling shares to pocket profit.
The benchmark general index of Dhaka Stock Exchange, DGEN, shed 14 points or 0.22 percent to end at 6,627.
On the port city’s bourse, the selective categories index, CSCX, the main yardstick
Stocks buck gaining trend
Twin bourses ended a four-day gaining streak yesterday as investors sold shares for profit-taking.
The benchmark general index, DGEN, the yardstick of Dhaka Stock Exchange, lost 14 points, or 0.21 percent, to end the day at 6,669.
On the port city’s bourse, the selective categories index, CSCX, the indicator of Chittagong