Category: Share Market

DSE turnover crosses Tk18bn benchmark

The turnover at the Dhaka Stock Exchange has touched the Tk 18.99 billion benchmark for the first time this year on the last trading day of the week.

Over 242.85 million volumes were traded on Thursday.

The general index gained 45.35 points or 0.68 percent to 6664.45 points.

Of the 261 traded issues, 141 advanced, 111 declined and nine remained unchanged.

The previous highest turnover in nearly six months was Tk 17.65 on Wednesday.

Slide in stocks: DSE dives 87 pt, CSE 143 Tuesday

Ref: The price indices on Dhaka Stock Exchange and Chittagong Stock Exchange lost 87 and 143 points Tuesday in a repeat of fall on the third day of the week as investors’ shaken confidence is yet to be restored.

The benchmark general index of Dhaka Stock Exchange (DGEN Index) gained over 65 points within the first five minutes of trading, but soon took a downturn with a fluctuating trend in share prices.
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Stocks plunge amid hartal

Ref: The Dhaka and Chittagong stocks suffered massive fall as the two bourses went into business on Sunday amid a 36-hour general strike.

The benchmark index of the Dhaka Stock Exchange (DSE) went down over 300 points to register the highest fall since Mar 13 when it lost about 459 points.

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Market regulator gets 2 more members

Ref: Former Bangladesh Bank executive director Mohammed Amzad Hossain and former president of Bangladesh Merchant Bankers Association Arif Khan have been appointed to the Securities and Exchange Commission as members.

The Banks and Financial Institutions Division of the finance ministry issued a circular on their appointments on Sunday.

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DSE turnover hits 26-month low

Ref: The Dhaka Stock Exchange (DSE) has suffered the lowest turnover for 26 months.

Even though most shares gained, the turnover was recorded at Tk 2.96 billion on Thursday, sparking protest by retail investors.
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'Act against market manipulators'

Ref: Parliament on Monday saw a marathon discussion on the recent share market debacle with some Awami League leaders rallying around the embattled stocks scam inquiry committee chief.

Finance minister A M A Muhith and Awami League Advisory Council member Suranjit Sengupta lent their support to Ibrahim Khaled who is facing a defamation suit

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Market makes mockery of bailout measures DSE dives 205 pt, CSE 323 Sunday

Ref: The wayward stock market appeared hell-bent on defying all the correctives as all the bailout measures taken by both the government and the investors themselves failed to check market collapse.

Share prices once again plummeted Sunday, the first trading day of the week, on both the bourses in the country, further knocking down investors’ confidence as well as capital investment.

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MI Cement listing after discussion

Ref: Dhaka Stock Exchange (DSE) has decided to sit with the Securities and Exchange Commission (SEC) to discuss the listing of MI Cement.

The decision came from a meeting of DSE board of directors on Monday, the premier bourse’s senior vice-president Ahsanul Islam told
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New SEC chief takes charge

Ref: The new SEC chairman M Khairul Hossain has taken charges and said he will make every effort to stabilise the share market for investors to regain confidence.

Hours after his appointment on Sunday morning, Khairul, who until then was chairman of the state-run Investment Corporation of Bangladesh, said the securities regulator would work in a transparent manner under him.

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Bangladesh Fund to hit market Wednesday/Thursday

Ref: The Tk 5,000 crore ‘Bangladesh Fund’ designed to prop up the stock market from a recurrent downslide is likely to penetrate the market within one or two trading days.

“The fund begins entering into the stock market from Wednesday or Thursday as the strategy for investing the fund was finalized,” said M Fayequzzaman, Managing Director of the Investment Corporation of Bangladesh (ICB), Tuesday.

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