Dhaka stocks rise on bankers' assurance

The stock skyrocketed by 5.44 per cent as on October 20,2011, capital markets and investment in distressed by the bankers came up with increasing assurance. DGEN, the Dhaka Stock Exchange's general index, up sharply by 286.28 points to 5,544.75 points, a few days off, such as institutional investors became active when the retail investors to purchase shares of a break in a lot of panic selling. BDT402.16 crore turnover from the overseas shares of BDT 277.71 million from the previous session rose.

The bankers announcement on October 20 morning, they will be injecting capital fund investing in youth, who observed large fountain in the street against the hunger strike last week was a new lease of life given.

In the last three trading sessions, DGEN 165 points to 5258.46 points lost, and an eight-month low hit. DGEN 8,900 points, which rose on December 5, 2010 at 5,206 points on February 28 came down after a massive crash. But after the market began to fall,due to heavy selling pressure by banks. Benchmark index on September 4 to 649 points lost when the severe liquidity crisis and the instability of the new wave of small investors lack confidence in hitting the market.
20 October in the morning, a meeting of Bankers, Bangladesh (ABB), Bangladesh Association of Banks, capital markets and banking advice 'response to exposure of the SAT.
'It is high time to invest in the stock market and bank injected funds from the market to begin next week, "read at the meeting at the end of the news media, said Mahmud Sattar.
Market operators said the news to investors as it was their long-standing demand from the crisis ridden following the stock market boost optimistic. 'There is a market liquidity crisis, banks increased participation will ease the problem,' he said, that the institutional investors to actively participate in a stockbroker. He also will boost the market for retail investors. 'Merchant Bank, a certain amount of margin debt Rescheduling the debt burden will rest,' he said.
Bangladesh Bank, which seriously by investors and market stakeholders, the 'rigid' market, banks' exposure on the position of the criticism, all of the commercial banks, capital markets and to increase their investment advice, and the Securities andExchange Commission on October 18  failed to stablise the market. Overnight on October 18 that the debt rescheduling will be attenuated below the bank for payment. Central Bank of 31 December 2012, before the rowdy street protests from investors to increase exposure of the bank's single borrower."It's certainly a positive step from commercial banks [investment increase] if you can prove by their actions," said H. Akter Sannamat, a stock analyst marker.
All sectors by gaining 7.46 percent on October 20 that achieved with the bank. Non-bank financial institutions to acquire 5.06 percent and 5.63 percent in general insurance. The 252-day business issues, 241 advanced, 9 declined and two remained unchanged. Shajalal Islamic bank with a share value of BDT 19,40 million changes hands, the leaders of turnover topped. The other turnover leaders of the United Commercial Bank, Beximco, National Bank Limited, an MI Cement Limited, the Islamic Bank, Al-Arafa Bank, One Bank Limited, Summit Power, and Southeast Bank.