Stocks witness upward trend

Stock markets witnessed recovery yesterday after falling five consecutive days since investors found positive stance in new monetary policy statement of the Bangladesh Bank (BB), reports BSS.

While announcing the MPS, BB Governor Fazle Kabir said there is enough liquidity in the market so there is a favourable environment in the capital market.

In the MPS, BB expected that the recent strategic investment by the Chinese Consortium-Shenzhen Stock Exchange and Shanghai Stock Exchange – will improve capacity and accelerate the development of the capital market.

Furthermore, BB remains supportive of the much-needed shift of the non-financial from the banking system and toward the stock and bond markets.

For a balance growth of the financial system, bond

market needs to play a far greater role in upgrading Bangladesh’s investment and growth

trajectory.

The broader index of DSEX of Dhaka Stock Exchange (DSE) closed the session 39.72 points up at 5,302.64.

The Shariah DSES and the blue-chip DS30 also followed the same trend with 10.27 points down at 1,251.18 and with 9.73 points up at 1,881.46.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 81.35 points up at 16,296.11.

 

 

Stocks witness upward trend

Stock markets witnessed recovery yesterday after falling five consecutive days since investors found positive stance in new monetary policy statement of the Bangladesh Bank (BB), reports BSS. While announcing the MPS, BB Governor Fazle Kabir said there is enough liquidity in the market so there is a favourable environment in the capital market. In the MPS, BB expected that the recent strategic investment by the Chinese Consortium-Shenzhen Stock Exchange and Shanghai Stock Exchange will improve capacity and accelerate the development of the capital market. Furthermore, BB remains supportive of the much-needed shift of the non-financial from the banking system and toward the stock and bond markets. For a balance growth of the financial system, bond market needs to play a far greater role in upgrading Bangladeshs investment and growth trajectory. The broader index of DSEX of Dhaka Stock Exchange (DSE) closed the session 39.72 points up at 5,302.64. The Shariah DSES and the blue-chip DS30 also followed the same trend with 10.27 points down at 1,251.18 and with 9.73 points up at 1,881.46. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 81.35 points up at 16,296.11.