Stakeholders believe the market has given signs of moving towards stability in the last two weeks.
In the nine working days from Dec 5 until Sunday, the index at the nation's premier bourse has fluctuated within a range of 216 points, in stark contrast to the massive ups and downs earlier.
The lowest point in the index in these nine days was 4,846 points and the peak 5,063 points. Highest trading in a single day went up to Tk 4.21 billion and hit a low of Tk 1.97 billion.
Dhaka Stock Exchange president Shakil Rizvi said stabilisation was the precondition for market improvement.
"If it stays at the same place for a couple of days, the market will improve," he remarked.
Taking decisions would be easier once the market steadies, said Yawer Sayeed, the Bangladesh Association of Mutual Funds convener.
Bangladesh Merchant Bankers' Association president Mohamad A Hafiz told he was seeing more and more of buyers every day.
"It seems as though the market is standing on a base now."
When asked to comment on Sunday's market, Hafiz said, "There were investments from the banking sector and there were plenty of buyers, but the buyers weren't aggressive."
Prime minister Sheikh Hasina sat with stakeholders on Nov 16 after continuous price fall at the two bourses in the country and ordered them to take all steps required to stabilise the market and compensate retail investors. Following the meet, the Securities and Exchange Commission on Nov 23 announced a major package of incentives to boost the market.
Bank, foreign and institutional investments were made easier in the package and entrepreneurs and directors of listed companies were asked to buy a minimum 30 percent share.
In the nine working days from Dec 5 until Sunday, the index at the nation's premier bourse has fluctuated within a range of 216 points, in stark contrast to the massive ups and downs earlier.
The lowest point in the index in these nine days was 4,846 points and the peak 5,063 points. Highest trading in a single day went up to Tk 4.21 billion and hit a low of Tk 1.97 billion.
Dhaka Stock Exchange president Shakil Rizvi said stabilisation was the precondition for market improvement.
"If it stays at the same place for a couple of days, the market will improve," he remarked.
Taking decisions would be easier once the market steadies, said Yawer Sayeed, the Bangladesh Association of Mutual Funds convener.
Bangladesh Merchant Bankers' Association president Mohamad A Hafiz told he was seeing more and more of buyers every day.
"It seems as though the market is standing on a base now."
When asked to comment on Sunday's market, Hafiz said, "There were investments from the banking sector and there were plenty of buyers, but the buyers weren't aggressive."
Prime minister Sheikh Hasina sat with stakeholders on Nov 16 after continuous price fall at the two bourses in the country and ordered them to take all steps required to stabilise the market and compensate retail investors. Following the meet, the Securities and Exchange Commission on Nov 23 announced a major package of incentives to boost the market.
Bank, foreign and institutional investments were made easier in the package and entrepreneurs and directors of listed companies were asked to buy a minimum 30 percent share.
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