Dhaka stocks gained again on Tuesday with a sharp rise of share prices of two largest companies—GrameenPhone and MJLBD—and all non-bank financial institutions. The benchmark general index of Dhaka Stock Exchange, or DGEN, on the day gained 100.99 points, or 1.55 per cent, to close at 6,587.58
stock market
Stocks pass four bullish weeks
Stocks gained for a fourth week with high turnover due to active participation of small and institutional investors and the possibility of an increased inflow of money into the market. The benchmark general index, DGEN, gained 4.22 percent or 266 points, to end the week at 6,578. The yardstick of DSE gained 13.89 percent or ... Read more
Stocks rise for seventh day
Stocks gained for a seventh day as investors went on a buying spree to cash in on the lower price earnings ratio of individual sectors. The benchmark general index of Dhaka Stock Exchange, DGEN, rose 48 points or 0.78 percent to 6,562. On the port city’s bourse, the selective categories index of Chittagong Stock Exchange, ... Read more
Stocks gain for sixth day
Stocks gained for a sixth day as buyers went on a buying spree as the market has been showing signs of recovery for the last few days. The benchmark general index of Dhaka Stock Exchange, DGEN, went up 56 points or 0.87 percent, to end the day at 6,514
Stocks continue gaining streak
Stocks gained yesterday for a fifth day with a significant turnover as investor confidence was boosted by the recent government initiatives despite a shutdown until noon. The benchmark general index of the Dhaka Stock Exchange, DGEN, went up 20 points or 0.32 percent, to end the day at 6,458. The selective categories index of the ... Read more
Stock turnover hits six-month high
Stocks gained for a fourth day with a high turnover as investors went for fresh buying of shares hopping that the market will gain gradually despite a 30-hour countrywide shutdown. The turnover on the premier bourse rose to Tk 1,646 crore, a six-month high. That was a 22.1 percent rise from the previous day’s Tk ... 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
Further probe needed before action: Muhith
He gives no timeline for fresh probe into share scam The government on Saturday made public the investigation report on January’s stock market debacle suggesting further investigation before bringing charges against any individuals or organisations but gave no timeline for a fresh probe. The finance minister, Abul Maal Abdul Muhith, at a briefing on Saturday ... 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
HC asks govt to publicise share scam report
The High Court on Tuesday asked the finance ministry to publicise within ‘reasonable time’ the probe report on the recent share market scam in which thousands of investors lost their money and many small investors became bankrupt. The High Court vacation bench of Justice Syed Mohammad Ziaul Karim and Justice
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
Muhith sees stable stock market by this week
Finance minister Abul Maal Abdul Muhith on Tuesday said stability would return to the capital market in this week after the government completed implementing the decisions taken towards that end. ‘Normalcy would return after implementation of the decisions we have taken. It might take a little time… [But] It’s not wise to change decisions repeatedly,’ ... Read more
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
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
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
DSE requests probe into market manipulation
Authorities of the Dhaka Stock Exchange on Thursday requested the government to find market manipulators and take actions against them. ‘The government should find market manipulators and punish them,’ said Shakil Rizvi, president of the DSE, at a press briefing at Sheraton Hotel in