Business Desk :
Stocks gained on Thursday, buoyed by increased participation of investors on expectations that the finance ministry’s move to resolve the disputes between the central bank and the capital market regulator would bring better outcome.
This was the second consecutive day the market gained.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), jumped 89 points, or 1.30 per cent, to 6,936. On the DSE, 208 stocks advanced, 118 fell, and 48 remained the same.
The investors were in a selling mood in the first hour as they were nervous about the growing tension between the Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC).
Earlier, the BSEC claimed that it resolved all the disputes with the central bank in a meeting on Tuesday, and the banking regulator was going to address the issues.
But refuting the BSEC’s claim, the BB yesterday asked the stock market regulator to change its notification, creating panic among the investors.
But the market again started to rise on news that the finance ministry arranged a meeting next week to discuss the issues. Sena Kalyan Insurance topped the gainers’ list as it rose 9.89 per cent, followed by Acme Pesticides, MJL Bangladesh, Power grid, and Mithun Knitting. The Chittagong Stock Exchange also rose.
