The New Nation - Internet Edition

Staff Reporter

The Following the withdrawal of restriction on merchant banks, brokerage houses and portfolio managers from providing margin loans and credit facilities for clients the Dhaka Stock Exchange (DSE) bounced back yesterday showing recovery of stock prices to some extent after a five-day bearish trend.

SEC on Monday withdrew restriction on loans and credit facilities amid demonstration by the small investors in front of the DSE building as the prices of stocks continued to fall for the fifth consecutive days.

Stock brokers said the investors took position on profit expectation from the comparatively lower price level of the bearish market, stimulating the market to bounce back.

The DSE General Index (DGEN), the benchmark index, increased 31 points or over one per cent to close at 2,905 points Tuesday from Monday's 2,873 points while the All Share Price Index rose 27 points or over one per cent to close at 2,456 points from Monday's 2,429 points.

The prices of stocks witnessed across-the-board gains. Of the total 218 issues traded during the day, 168 gained, 39 declined and 11 issues remained unchanged.

Total turnover stood at Tk 160 crore yesterday as compared to Tk 187 crore on Monday.