8 Investors freed

Police on Tuesday freed eight investors whom they had picked up after announcement of a daylong shutdown in Motijheel the previous day.

On their release, five of the investors alleged that police beat up them while picking them up along with three leaders of the investors’ association.

Downtrend dogs investors

DSE Index down-trend continues 

Despite slight gain in share prices during early trading, the Dhaka Stock Exchange (DSE) saw downtrend in stock prices for third consecutive day Tuesday.

The benchmark general index of the DSE (DGEN) shed 132 points or 2.86 percent from the previous day’s closing of 4,638 to reach 4,506 points at the end of trading hours.

Of the total issues traded, 230 declined, only 18 advanced and 11 remained unchanged.

Ex-bureaucrats welcome bar on stock trading by govt staff

Former bureaucrats yesterday welcomed the government's move to warn public servants against profit-making activities, including stock trading.
"Government officials should not be allowed to engage in stock trading where there might be scope for a conflict of interest," said Akbar Ali Khan, a former finance secretary.
"Even where there is no conflict of interest, the government still can impose a ban as their involvement could hamper government activities," Khan told The Daily Star.
His comments came a day after the cabinet decided to remind government employees of service rules that prohibit involvement in profit-making activities without permission.

Panic brings down stocks

Dhaka stocks fell heavily yesterday as panic-driven investors went for sell-offs fearing another collapse amid fresh liquidity crisis and two regulatory directives, said market operators.

In choppy trading, the benchmark general index of the DSE plunged 183.80 points, or 2.51 percent, to close at 7,125.33 points, as share prices of 231 issues out of the total 257 went down.

The DSE had experienced a similar trading on Wednesday but the general index of the bourse advanced 28.16 points as bank issues pulled the market for the day, although prices of 75 percent issues slid.

“All sectors retraced today,” said BRAC EPL Stock Brokerage Ltd in its daily market update yesterday.

News Source: Daily Star

Apex Weaving stocks jump on comeback news

News Source: http://bit.ly/aAlfYR

Stocks back on steady climb

News Source:  http://bit.ly/cA0NJp

Stocks climbed back up yesterday after the previous day's big fall.

Benchmark index of the Dhaka Stock Exchange -- DSE General Index (DGEN) -- jumped up 103 points, or 1.42 percent to 7,396, while the key index of the Chittagong Stock Exchange -- CSE Selective Categories Index -- went up 175 points, or 1.28 to 13,884.

Stockbrokers said the share prices of the companies affected by Sunday's blow marked a rise.

Besides, they said, absence of any instruction from the regulator on loan adjustment following a win over a legal battle gave investors an impression that it might go slow on the issue.

The Supreme Court on Sunday stayed a High Court order that halted a Securities and Exchange Commission's directive for merchant banks and stockbrokers to follow a net asset value (NAV) based calculation for credit disbursement and loan maintenance.

SEC says the market situation is now under its close watch and any initiatives hinges on how the market moves.

All the sectors but banks advanced yesterday. Bank stocks fell slightly. Advancers beat losers 189 to 49, with seven securities remaining unchanged.

Among the big gainers, telecom rose 4.09 percent, general insurance 3.73 percent, non-banking financial institutions 3.09 percent. Life insurance, cement and fuel and power also advanced more than 2 percent.

Total turnover, however, slipped 33 percent to Tk 1,564 crore on the prime bourse on a transaction of more than 8.59 crore shares and mutual fund units.

Premier Bank topped the turnover list of the DSE with 10.80 lakh shares worth Tk 66.80 crore being traded on the floor.

On the port city bourse, gainers beat losers 120 to 59, with six securities remaining unchanged. The CSE traded more than 1.05 crore shares and mutual fund units with a turnover of Tk 156 crore.

The United Commercial Bank topped the turnover leaders on the CSE with 77 thousands shares worth Tk 11.42 crore being traded on the board.