Stock Market

The 22 companies have been in the “Z” category from two to five years

The core index of the Dhaka Stock Exchange (DSE) soared 665 points or 15.77 per cent in August riding on active participation of high net worth individuals.

Bangladesh’s capital market has hit a purple patch after a prolonged bearish spell as the country’s premier bourse capped a tenth successive week of gains amid renewed optimism and confidence from investors.

Stocks witnessed an upward trend in early trading on Tuesday with the key index of the major bourse crossing 4800-mark as investors are active sector-wise issues.

Ten most-traded stocks grabbed more than 27 per cent transactions on the Dhaka Stock Exchange (DSE) in the outgoing week while the pharma sector dominated the turnover board.

Asian markets rose Monday, tracking another record on Wall Street as the US appeared to tone down its anti-China rhetoric, while traders turn their attention to a meeting of central bankers later in the week.

The Dhaka Stock Exchange has initiated a move to restructure the daily limit on buying shares by the brokerage houses without providing bank guarantee or keeping security money.

The securities regulator has requested the central bank to freeze bank account of all directors, including managing directors, of two listed companies as they sold shares unlawfully.

Asian markets were mixed in early trade Monday as investors weighed ongoing China-US tensions and Washington lawmakers’ struggle to hammer out a much-needed new stimulus.

CSE also registered an upward trend at the end of the session