Dhaka, Nov 16 —The benchmark Dhaka Stock Exchange general index has marked a staggering 252.15 points rise in the first 10 minutes of trading on Wednesday, apparently buoyed by the prime minister's emergency meeting with stakeholders in the evening.
Massive trading, shares worth Tk 340.37 million changing hands by 11:10am. The DGEN stood at 4901.48 points, with prices of 141 issues rising and four falling.
The index plummeted 559 points from the start of the week's trading. It lost 341 points on Sunday and Monday, and on Tuesday, the index lost 228.20 points or 4.67 percent to stand at 4649.32 points at close.
Small, individual investors have been taking to the streets in Motijheel business district to protest the freefall for the past few days.
Sheikh Hasina rushed the meeting to discuss the stock market situation, Securities and Exchange Commission chairman M Khairul Hossain confirmed bdnews24.com on Tuesday.
The finance minister, Bangladesh Bank governor, Bank and Financial Institutions Division secretary, National Board of Revenue chief, head of Investment Corporation of Bangladesh and the representatives of banks and insurance companies are expected to attend the meeting.
After the December-January capital market scam, the government formed a committee to investigate the matter. Several steps, including overhaul of SEC, were taken following the panel's proposals.
Several other steps were also taken by bankers, the central bank, NBR and ICB to stabilise the sagging stock market.
But nothing seemed to be working out as the prices of shares have been maintaining the downward trend.
bdnews24.com
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