Dhaka bonds tighten higher

Dhaka bonds rose neatly by some-more than dual per cent for a third true event upon Monday after a recast of bonds regulator as good as a executive banks’ slicing bearing composition duration for businessman banks. The DSE General Index (DGEN), a categorical sign of a market, finished during 5599 with a climb of 113 points or 2.07 per cent, reception sum benefit in a uninterrupted dual sessions to 7.12 per cent.
Participation in trade has increasing after a recast of a Securities as good as Exchange Commission, a Bangladesh Bank’s slicing bearing composition duration for businessman banks as good as a assurances that no measures will be taken in a bill to be denounced upon Jun 9, that will harm a market, according to a stockbrokers. Trading wake up softened significantly as turnover stood during Tk 4.81 billion, up by 45.50 per cent over a prior event as good as top in a single week.
The marketplace remained certain via a trade event with all a sectors advancing, solely food as good as associated zone that was down by 1.11 per cent.
Among a sectors, Banks as good as NBFIs gained 2.00 per cent as good as 2.75 per cent respectively, whilst Life Insurance as good as Tele-
communication modernized by 6.02 per cent as good as 1.51 per cent respectively. Today’s turnover value stood during BDT 4.8 billion (USD 67.8 million), that is 45.5 per cent aloft than yesterday. MI Cement Factory Limited was today’s turnover personality with turnover value of BDT 247.70 million. Life insurers were a top gainers, reception flight some-more than 6.0 per cent. Other vital issues, together with banks as good as monetary institutions, soared some-more than dual per cent each. MI Cement was a top turnover with shares value Tk 247.70 million traded, followed by BSRM Steel, United Airways, Malek Spinning, Aftab Automobile, Titas Gas, Peoples Leasing, RN Spinning, Golden Son, RAK Ceramic as good as Malek Spinning. On Wednesday, a authority of a parliamentary station cabinet upon monetary ministry, A H M Mostafa Kamal, pronounced “We had a contention with a monetary apportion who positive me of not reception any step that will go opposite a batch market.”
On Thursday, Bangladesh Bank lengthened a composition duration of single-borrower bearing border for a businessman banks as good as brokerage firms by 6 months. The deadline was lengthened from Jun to December. In an additional development, investors underneath a ensign of Investors Forum Association one after an additional to comply sit-in-programme to criticism a latest share marketplace fall.

 

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