The intervention of the BSEC prevents the free fall of the market

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After nine days of a somewhat bearish run, the indices of the country’s two stock exchanges ended in the green on Thursday, thanks to the intervention of the market regulator setting a floor price to break the free fall.

The Dhaka Stock Exchange’s key index, DSEX, rose 50.3 points to 6,238 on Thursday.

But investor participation is still weak and remains on the sidelines due to worries about the global economic outlook.

On Wednesday, the Bangladesh Securities and Exchange Commission (BSEC) again imposed provisional circuit breaker rules with a lower limit of 2% in a bid to restore market confidence.

EBL Securities, in its daily market commentary, said that due to the regulator’s direction, the market fell early in the day, but late-day optimism helped the DSEX end in green territory. .

Market insiders said that in the last hour of trading, the state-owned Investment Corporation of Bangladesh (ICB) offered new investments, which helped the market gain 50 points.

On Thursday, DSE’s turnover rose 5.1% to Tk 540 crore from Tk 510 crore in the previous trading session.

Of the 385 issues traded, 273 advanced, 61 declined and 51 remained unchanged.

The port city’s stock exchange, Chittagong Stock Exchange (CSE), also settled into the green.

The indices used (CSCX) and the All Share Price Index (CASPI) increased by 70.4 points and 118.4 points respectively.


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