Senior Correspondent,
bdnews24.com
Published: 08 May 2021 09:05 PM BdST
Updated: 09 May 2021 08:57 AM BdST Reaz Islam, CEO of LR Global Bangladesh, speaks at a media briefing in Dhaka on Saturday. Reaz Islam, CEO of LR Global Bangladesh, speaks at a media briefing in Dhaka on Saturday. Reaz Islam, CEO of LR Global Bangladesh, speaks at a media briefing in Dhaka on Saturday.
LR Global had gone through a long episode of “adversities” due to a conspiracy by some former commissioners at Bangladesh Securities and Exchange Commission. );
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So says CEO Reaz Islam.
The conspiracy to “damage” LR Global’s performance in Bangladesh had a “huge impact” on the local market, Islam said at a news conference in Dhaka on Saturday.
Stocks continued to rise for the last two consecutive days thanks to the higher participation of buoyant investors today. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged 53.4 points, or 0.96 per cent, to stand at 5,588.83. Investors are hopeful about the market as stocks have been in a rising trend for the last few days, said a merchant banker.
In this position, many investors consider these stocks to be lucrative and so, they are investing.
Besides, investors know about the Covid-19 pandemic s impact, so it seems that they expect the situation to return to normal after a few months.
However, a downside for the market is that the insurance sector is once again on the top gainers list, proving that gamblers are still active.
Stocks of the insurance sector witnessed significant growth over the past few months due to incessant gambling, the analysts said.
Northern Insurance topped the gainers list, rising 10 per cent, followed by Islami Insurance, Aramit Cement, Reliance Insurance, Bangladesh National Insurance and Federal Insurance.
Stocks snap five-day falling streak Star Business Report Star Business Report
Higher participation of investors ended the five-day falling streak of shares on the Dhaka Stock Exchange (DSE) yesterday.
The DSEX, the benchmark index of the premier bourse, rose 67 points, or 1.27 per cent to end the day at 5,385.
However, many stocks have experienced drastic falls due to the downward trend of the index, said a stock broker. As a result, many stock investors incurred losses in the last few days, he added.
Big players went after hot stocks after a gap, such as Beximco Ltd, Beximco Pharmaceuticals, Robi Axiata, and LankaBangla Finance, he pointed out.
DSE turnover nosedives to seven-month low thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.