Stocks buck losing trend
Dhaka stocks bounced back yesterday on speculation that the regulator was going to reset margin loans criteria.
The key index, DSE General Index, jumped more than 119 points or 2 percent to 5,519.66. The broader DSE All Share Price Index went up 94.57 points, or 2.13 percent, to 4,522.98.
Influenced by a meeting of the Securities and Exchange Commission, investors expected that the SEC might revise the margin loans ratio, which is now fixed at 1:1 for shares whose price-earnings (PE) ratio is within 50, market insiders said.
But there was no declaration of any change in the existing criteria yesterday.
As all sectors, except for services and real estate, rose on the trading floor of Dhaka Stock Exchange (DSE), advancers outnumbered losers 170 to 65. Six securities remained unchanged.
Chittagong stocks posted a sharp rise yesterday. The CSE Selective Categories Index went up 223.2 points, or 2.17 percent, to 10,500.78.
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