Stocks up after BSEC’s meeting with stakeholders
DSEX closed 0.56% higher at 6,254, turnover drops below Tk300 crore
Dhaka stocks, on Thursday, closed in the green terrain after the Bangladesh Securities and Exchange Commission's (BSEC) meeting with the stock market intermediaries.
DSEX, the broad-based index of the Dhaka Stock Exchange closed 0.56% higher at 6,254.
After the closing bell on Thursday, BSEC Executive Director and Spokesperson Rezaul Karim said senior regulatory officials discussed capital market development and the recent secondary market situation in two separate meetings with asset managers and bankers.
There had been a call to increase investment in the capital market, he told TBS, adding the secondary market during the panic selling nowadays would be benefited if institutional investors give a hand through buying undervalued shares.
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However, investors who were already in a shock due to the sharp selloff since the beginning of the month, were not fully confident about any concrete outcome especially when they perceived political and macroeconomic uncertainties.
Investors' dilemma dragged the trading turnover on the premier bourse down to Tk299.5 crore, the lowest since 28 March. 153 scrips on the DSE gained and only 8 declined.
Some of the falling stocks including FuWang Food, Sea Pearl Beach Resorts, Deshbandhu Polymer, and Olympic Accessories sharply bounced back on Thursday.
