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Stocks soar as trading will go on amid lockdown Star Business Report Star Business Report
Stocks soared by more than 100 points yesterday riding on hopes that trading would continue amid the current countrywide lockdown.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 107 points, or 1.78 per cent, to 6,150.48.
Following an unprecedented climb in Covid-19 infections, the government recently announced a week-long strict lockdown from today.
After Bangladesh Bank decided that banking activities would continue on a limited scale during this period, the stock market regulator informed that the country s bourses would operate under similar conditions.
Before these decisions were made known, the Bangladesh Securities and Exchange Commission said the stock market would stay open during the lockdown if banks did too. As such, trading will now go on as usual until 1:00pm each day.
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The stock market took a tumble yesterday due to a profit booking spree among investors while turnover also plunged. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), plummeted 60 points, or 1.02 per cent, to 5,813. "The market fell due to a very natural reason, which is profit booking," a stock broker said. As the market was in a rising trend for the past few
Stocks back to the black | The Daily Star 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.