Stocks gained for a third week as the general index of Dhaka Stock Exchange hit a three-month high following the news of undisclosed funds flowing into the capital market. The benchmark general index, DGEN, gained 3.18 percent or 194 points, to end the week at 6,311. The yardstick of DSE gained 9.27 percent or 535 ... Read more
stocks
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
DSE turnover tops Tk 1,100cr after two and a half months
Turnover of the Dhaka Stock Exchange on Sunday crossed the Tk 1,100-crore mark again after two and a half months while the bourse’s general index continued to rise for the fifth consequent day as both individual and institutional investors went on a buying binge on the hope that the market would rally further. Market operators ... Read more
Black money move keeps up market tempo
Stocks gained for a fourth day as the government has recently given a green light to undisclosed money to be invested in the market. “The government decision will help increase the tempo of industrialisation and exports as well as establish its Vision 2021,” said Shakil Rizvi, president of Dhaka Stock Exchange, in
Undisclosed money investment decision propels stocks
DSE turnover hits two-and-a-half month high Turnover of the Dhaka Stock Exchange on Wednesday hit a two-and-a-half month high and the stocks extended gains for the third day on buying spree after the government allowed legalisation of undisclosed money by investing in the capital market, market operators said. The Finance Bill 2011 passed on Tuesday ... Read more
Stocks bounce back from deep loss
Stocks rebounded as investors used low prices as an opportunity to buy shares, a day after the stockmarket suffered a massive slide. The benchmark general index of Dhaka Stock Exchange (DGEN) gained 228 points, or 4.02 percent, to close at 5,904 points
Stocks rebound strongly on govt, BB moves
Dhaka stocks rebounded strongly in the past week, showing signs of recovery from a prolonged depression as investors went into buying mood following a number of moves taken by the government and the Bangladesh Bank Market operators said the appointments of two more members to the Securities and Exchange
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
Share splitting used as a tool to inflate prices
Stockmarket Probe Report Share splitting used as a tool to inflate prices Split of shares used as a tool to sweep up small investors’ money had been a major reason behind the massive price inflation on the stockmarket, said the government probe committee on the recent market debacle. Market capitalisation of the companies, which split ... Read more
Dhaka stocks dip to 10-month low
Dhaka stocks continued to collapse on Sunday with the bourse’s general index hitting 10-month low as panic-stricken retail investors went for heavy sell-offs for the fourth day. The government on the day again asked four state-run banks and the Investment Corporation of Bangladesh to purchase shares to stablise the market but the directive had little ... Read more
Investors’ anger deepens as stocks fall further
The long-brewing anger of the retail investors intensified further on Thursday as the Dhaka stocks plunged for the third day at a stretch, with all the government measures failing to stabilise the capital market, operators said. The general index of Dhaka Stock Exchange slid 217.54 points, or 3.61 per cent, to 5,800.93
Panic pulls down stocks
The benchmark general index of Dhaka Stock Exchange fell for two days in a row as investors went into sell-offs, fearing another losing spell ahead. The DSE general index (DGEN) lost 154 points, or 2.5 percent, to close at 6,018 points on the day. The DSE general index lost 370 points in two days’ trading ... Read more
Dhaka stocks skyrocket for 2nd day
Share prices on Dhaka Stock Exchange skyrocketed for the second day on Sunday buoyed by a number of government measures to stabilise the market in the wake of two weeks of heavy slides and violent street protests. The general index of the bourse advanced by 463.27 points, or 7.81 per cent, on the day to
Govt to amend laws to stop forced share sales
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
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
Stocks jump on stimulus
Govt steps attract mixed reactions from experts The benchmark index of Dhaka Stock Exchange saw a 6.2 percent jump yesterday, boosted by a government initiative involving five state enterprises in share buying. Of the five institutions, Investment Corporation of Bangladesh (ICB) received a Tk 200 crore financial assistance from the central bank to buy shares ... 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