Stock Market

After witnessing a downward trend in the last session, stocks today rebounded in the Dhaka and Chittagong stock exchanges as investors remained active on sector-wise issues.

The Bangladesh Securities and Exchange Commission has asked brokerage houses to ensure at least Tk 20,000 in investment by the general investors in the stock market  to be eligible for participating in any initial public offering from April 1.

The securities regulator approved the draft prospectuses of two open-end mutual funds (MFs) and also took a decision to issue licences to two fund managers.

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), today closed trading in slump as risk-averse investors opted for quick-profit on selective issues.

Finance Minister AHM Mustafa Kamal on Tuesday said ups and downs are common phenomenon in stock market and advised the people to invest cautiously.

The Bangladesh Bank on Monday said that non-bank financial institutions would be allowed to issue up to 30 per cent dividend to their shareholders.

At the end of the session, the bank’s share price was Tk 13.20 — a 32 per cent rise in share prices from the offer value of Tk 10

Asian markets were mixed Tuesday as investors struggled to build momentum following recent sell-offs owing to long-running fears that the expected global recovery will force central banks to wind down their easy-money programmes earlier than hoped.

Stocks witnessed yet another big jolt on Sunday as panic-driven investors continued their sell-offs on major sectors amid fears of a fresh wave of virus.

The Bangladesh Securities and Exchange Commission has widened areas of inquiry into the acquisition of GSK Bangladesh by Unilever, BSEC officials said.