Stocks that ruled 2021

Stocks that ruled 2021

Fortune Shoes brought the biggest fortune for stock investors in the Dhaka Stock Exchange (DSE) in 2021. The Barishal-based synthetic footwear exporter, growing in significance in export markets while eyeing a slice of the rapidly expanding local market, saw its share price appreciate 390% in a year, from 15 December, 2020 to 15 December, 2021. This was even before considering the 5% stock and 10% […]

Stocks rally on finance ministry’s meeting call

Stocks rally on finance ministry’s meeting call

Source: The Business Standard Indices of both stock exchanges jumped as investors rushed to buy scripts following the news that the finance ministry called a meeting with the heads of the central bank, securities regulator, and revenue board over the capital market situation. On Thursday, the broad-index DSEX of the Dhaka Stock Exchange (DSE) rose 89 points or 1.30% to reach 6,936, while the blue-chip […]

Stocks continue upward trend

Stocks continue upward trend

Source: The Daily Star The stock market continued to rise today thanks to the higher demand for bank stocks The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 12 points, or 0.17 per cent, to 7,103 points untill 12 pm.In the last four days, the index has been on a rising trend.At the DSE, 131 stocks advanced, 212 declined and 14 remained […]

Price index crossing 7,000 mark not risky yet: BSEC chairman

Price index crossing 7,000 mark not risky yet: BSEC chairman

The stock market’s current price index that crossed 7,000 points is not risky, rather there is more room for it to go up, given the price-to-earnings ratio, said Professor Shibli Rubayat-Ul-Islam, Chairman of the Bangladesh Securities and Exchange Commission (BSEC). The commission is not concerned about the bank’s overexposure to stocks as the market is not now driven by the banking sector, the BSEC chairman […]

Stocks jump for cuts in bond, savings interest rates

Stocks jump for cuts in bond, savings interest rates

Shares on the Dhaka Stock Exchange rose for the second consecutive day yesterday thanks to the investors’ sustained optimism and a cut in the interest rate on savings certificates and wage-earners development bonds.The DSEX, the benchmark index of the premier bourse in the country, advanced 52 points, or 0.73 per cent, to close the day at 7,258.The gain took the index to its highest level, […]

BB rates Brac Bank as one of top 10 sustainable banks

BB rates Brac Bank as one of top 10 sustainable banks

Brac Bank has been named one of the top 10 sustainable banks of Bangladesh based on its performance during the pandemic last year.  Bangladesh Bank’s Sustainable Finance Department (SFD) prepared a list of top 10 sustainable banks and five non-bank financial institutions (NBFIs) based on their performances and published their names on its website based on a rating, said a press release. This is the […]

DSE daily turnover hits fresh decade high

DSE daily turnover hits fresh decade high

Dhaka Stock Exchange (DSE) registered a turnover of Tk 29.54 billion on Monday, a fresh high in a decade, as the buoyant investors put fresh funds on stocks after the securities regulator extended credit facilities further to the investors. Turnover, a crucial indicator of the market, stood at Tk 29.54 billion on the country’s premier bourse, in a further buck by 11 per cent over […]

Securities regulator increases margin loan ratio

Securities regulator increases margin loan ratio

BSEC has directed all TREC holders to extend the facility considering the pandemic. The loan ratio against the investment will be 80 per cent if the DSE main index DSEX remains below 8000, said the BSEC (Bangladesh Securities and Exchange Commission) in an order on Thursday. It was previously below 7000.On the other hand, the loan facility will be down to 50 per cent if […]