Investors cheer BB moves

FE Report | Wednesday, 12 February 2020

Stocks rebounded strongly on Tuesday, snapping a five-day losing streak, as investors gained confidence thanks to the central bank's latest market supportive measures.
The market started on a flying note and remained vibrant throughout the session amid strong buying pressure from the investors, including institutional investors.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 85.96 points or 1.96 per cent to settle at 4,471, after losing 121 points in the past five straight sessions.
Market operators the central banks' market supportive measures coupled with government's moves to divest shares of state-owned enterprises and banks made the investors happy to some extent.
The Bangladesh Bank has allowed all scheduled banks to create a special fund worth Tk 2.0 billion each of five-year tenure for investment in the capital market, according to a BB circular issued on Monday.