Stocks back to black after eight days
The index of the Dhaka Stock Exchange (DSE) returned to the black today after falling for eight consecutive days just a day after the market regulator extended the credit policy.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 118 points, or 1.93 per cent, to 6,261.
Yesterday, Bangladesh Securities and Exchange Commission (BSEC) issued a directive allowing stockbrokers to extend the maximum limit of credit facilities to their approved clients.
Earlier, the stockbrokers were allowed to lend up to 80 per cent of a client's deposit. Now, it can be 100 per cent.
At the DSE, 343 stocks advanced, 19 declined and 14 remained the same.
However, the turnover of the premier bourse dropped 3 per cent to Tk 658 crore.
Paramount Textiles topped the gainers' list which rose 9.94 per cent. S Alam Cold Rolled Steels, Midas Finance, National Feed Mills, and VFS Thread were on the list.
Bangas Ltd shed mostly that dropped 4.78 per cent. RD Food, Dhaka Insurance, International Leasing Financial Services, and Bangladesh National Insurance were among the other companies in the loser tally.
Beximco Ltd became the most traded stock with shares worth Tk 48 crore changing hands followed by Shinepukur Ceramics, JMI Hospital, Bangladesh Shipping Corporation, and IPDC Finance.
The Chittagong Stock Exchange (CSE) also rose today. The CASPI, the all share price index of the port city bourse, edged up 322 points, or 1.78 per cent, to 18,400.
Among the 274 stocks traded, 207 advanced, 51 fell and 16 remained the same.
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