Business Desk :
Stocks finished marginally higher for the two consecutive sessions on Thursday as the stock market regulator relaxed its directive on margin loans for more four months.
The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday relaxed its directive on margin loans, allowing the stock lenders to adjust interest rate at 12 per cent until June 30, 2021. It was supposed to be adjusted within February 1.
The market sharply increased at open and the key index of the Dhaka Stock Exchange (DSE) soared 72 points within the first 30 minutes riding on news of the securities regulator’s relaxation on margin loans directive and the rollout of Covid-19 vaccination.
However, most of the initial gains wiped out the rest of the session as cautious investors opted for booking profit on sector-specific stocks.
Finally, DSEX, the prime index of the DSE, went up by 9.60 points or 0.16 per cent to settle at 5,724.
Two other indices also edged higher. The DSE 30 Index comprising blue chips rose 12.60 points to finish at 2,191 and the DSE Shariah Index (DSES) saw a fractional gain of 0.51 point to close at 1,280.
Top positive index contributors of the market were ROBI, Beximco, Grameenphone, British American Tobacco and United Power, according to data from amarstock.com, a stock market data analyst.
Turnover, a crucial indicator of the market, however, remained below Tk 10 billion-mark to Tk 9.41 billion on the country’s premier bourse, rising by 4.0 per cent over the previous day’s mark of Tk 9.05 billion.
Stocks finished marginally higher for the two consecutive sessions on Thursday as the stock market regulator relaxed its directive on margin loans for more four months.
The Bangladesh Securities and Exchange Commission (BSEC) on Wednesday relaxed its directive on margin loans, allowing the stock lenders to adjust interest rate at 12 per cent until June 30, 2021. It was supposed to be adjusted within February 1.
The market sharply increased at open and the key index of the Dhaka Stock Exchange (DSE) soared 72 points within the first 30 minutes riding on news of the securities regulator’s relaxation on margin loans directive and the rollout of Covid-19 vaccination.
However, most of the initial gains wiped out the rest of the session as cautious investors opted for booking profit on sector-specific stocks.
Finally, DSEX, the prime index of the DSE, went up by 9.60 points or 0.16 per cent to settle at 5,724.
Two other indices also edged higher. The DSE 30 Index comprising blue chips rose 12.60 points to finish at 2,191 and the DSE Shariah Index (DSES) saw a fractional gain of 0.51 point to close at 1,280.
Top positive index contributors of the market were ROBI, Beximco, Grameenphone, British American Tobacco and United Power, according to data from amarstock.com, a stock market data analyst.
Turnover, a crucial indicator of the market, however, remained below Tk 10 billion-mark to Tk 9.41 billion on the country’s premier bourse, rising by 4.0 per cent over the previous day’s mark of Tk 9.05 billion.
