The Bangladesh Securities and Exchange Commission has come up with a proposal to steady the jittery capital market, a document obtained by The Daily Star showed.

DSEX, the benchmark index of the Dhaka Stock Exchange, lost 9.90 percent in value since the turn of 2018.

The regulator has identified three major points -- redefining of banks' capital market exposure, extending the timeframe for lowering banks' loan-deposit ratio and increasing the investment capacity of state-owned Investment Corporation of Bangladesh.

BSEC made the seven-point recommendation based on the information it got from two stock exchanges, merchant bankers, brokers' association and other stakeholders.

“We have been urging the government to address these issues for a long time but they have fallen on deaf ears,” said a high official of the BSEC.

Dhaka stocks yesterday gained 11.41 points to close the day at 5,635.05 points, bucking the four-day losing streak.

“The premier bourse closed marginally higher amid investors' positive view towards the market,” EBL Securities said in its daily market analysis. The index opened on a positive note and the momentum continued throughout the session, it added. Turnover, another important indicator of the market, soared 20.6 percent to Tk 224.08 crore, after a total of 6.75 crore shares and mutual fund units changed hands on the DSE.

Of the traded issues, 177 advanced and 92 declined, while 54 remained unchanged on the premier bourse. Monno Ceramics dominated the turnover chart with its transactions worth Tk 10.02 crore, followed by Grameenphone, IFAD Autos, BRAC Bank and Square Pharmaceuticals.

Among the major sectors, engineering increased 0.80 percent in market capitalisation, followed by pharmaceuticals at 0.60 percent, life insurance 0.40 percent and textile 0.30 percent.

Bank and non-bank financial institutions declined 0.10 percent and 0.26 percent respectively. Beximco Synthetics was the day's best performer, posting a gain of 9.62 percent, followed by Imam Button at 9.46 percent and CAPM IBBL Islamic Mutual Fund 9.43 percent.

IPDC was the day's biggest loser, shedding 7.96 percent, followed by Republic Insurance at 3.62 percent and First Janata Bank Mutual Fund at 3.28 percent.

Chittagong stocks also gained yesterday, with the bourse's benchmark index, CSCX, adding 22.6 points to finish the day at 10,520 points.