Stocks snap 8-day losing streak, helped by margin loans
Staff Correspondent, bdnews24.com
Published: 23 May 2022 06:19 PM BdST Updated: 23 May 2022 06:19 PM BdST
The decision to raise the margin loan limit seems to have paid off as the market broke a downward trend that lasted eight consecutive days.
The Dhaka Stock Exchange, Bangladesh’s leading stock market, rose 1.94 percent on Monday, the second trading day of the week. The Chittagong Stock Exchange gained 1.61 percent.
The stock market downturn began in the second week of May as instability in the global market and the rising value of the dollar spooked investors.
A sell-off caused indices to fall for eight straight days. In those eight days, the DSE fell 555.40 points, or 8.29 percent.
On Sunday, the Bangladesh Securities and Exchange Commission increased the margin loan limit in an effort to increase liquidity in the market and counteract the recent dip in the stock market.
The loan limit was raised from 80 percent to 100 percent, meaning that investors are now able to get 100 percent of their investment as a loan.
-
Grameenphone shares fall after SIM sale ban
-
BTRC blocks GP SIM card sales
-
Airbnb makes ban on parties permanent
-
Pakistan gets IMF targets in step toward restoring bailout
-
Russia fines foreign firms for data storage violations
-
Nike forecasts downbeat quarterly revenue
-
Oil climbs as UAE says it has no spare capacity
-
Empty shelves, huge discounts as Russia's Decathlon stores close
-
Grameenphone shares tumble after regulator bans sale of new connections
-
N Korea may be behind new $100m cryptocurrency hack, experts say
-
Disney unveils first new cruise ship in a decade, dips toe into metaverse
-
BTRC blocks Grameenphone from selling new connections for poor service
-
Airbnb makes ban on parties permanent
-
Russia fines foreign firms for alleged data storage violations
Most Read
- Bangladesh signs Tk 92bn deal with Japan for metro rail linking Dhaka's east to west
- BTRC blocks Grameenphone from selling new connections for poor service
- Bangladeshi Hajj pilgrim arrested in Saudi Arabia for begging
- Bangladesh to announce the date of Eid-ul-Azha on Thursday
- Padma Bridge's screws couldn't have been removed by hand: CID
- Govt to start collecting tolls on Bangabandhu Expressway on Jul 1
- A motorcyclist was the first to cross Padma Bridge after it opened to traffic
- In Chattogram Hill Tracts, a new group of armed insurgents is making waves. Who are they?
- Government fixes tolls for Dhaka-Mawa-Bhanga Bangabandhu Expressway
- Tensions rise in Indian town after killing of Hindu man