Friday, March 29, 2024

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 ... Read more

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 ... Read more

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 ... Read more

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 ... Read more

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

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 ... Read more

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 ... Read more

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 ... Read more