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Week opens Dhaka stock with month-high turnover

Dhaka stock market started this week on Sunday maintaining the gaining streak that took the daily trade value to 30-day high of taka 619.51 crore. The previous highest daily transaction value of shares on Dhaka Stock Exchange (DSE) was taka 715.90 crore on December 12, 2013, which started declining later and hovered below 500-crore mark until Sunday. DSEThe total transaction of shares also rose to 12.82 crore at the close on Sunday, which was also the highest since December 23. DSEX, the benchmark index of DSE, had s...

Time-frame extended by 1 year to revitalise stock market

Bangladesh Bank (BB) extended the time- frame by one year for adjustment of “single borrower exposure limit” by the commercial banks for financing the operations of their brokerage houses and merchant banks. BB’s initiative came as a year-end initiative to revitalise the share market by allowing banks maintain their higher stock market exposure for one more year, which will help maintain a steady demand on the market, reports BSS. bbThe central bank in a circular on Monday said that subsidiaries of banks cr...

Bourses suffer amid continued political confrontation

Country’s twin bourses Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) have returned to negative after continued positive trend in two previous sessions in line with the political backdrop amid continued confrontation. Share price index at both DSE and CSE experienced downturn on Wednesday. Earlier, both the bourses gained in two successive sessions on Monday-Tuesday following losses in four consecutive sessions till Sunday. On Wednesday morning, trading at both the bourses began on a positive note but ended the day in red amid the news of increasing political clashes across the country.

CSE signs joint communiqué with BCIM

Chittagong Stock Exchange (CSE) has signed a joint communiqué with BCIM, the sub-regional and economic cooperative block of Bangladesh, China, India and Myanmar. This was signed while the CSE President Al Maruf Khan FCA participated at the BCIM Economic Corridor Connectivity Forum and the 12th annual meeting of the China Society of Logistics held at Fuzhou in China. The contract will be placed soon in the China Foreign Ministry as the future course of action, says a press release. bcimBesides, as the Chairman of the South Asian Feder...