Stocks rebound strongly owing to govt moves
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Dhaka, May 23 -- The market rebounded strongly on Monday, snapping an eight-day sharp fall, as investors put fresh bets on major sector stocks, riding on the government steps to help revamp the ailing market.
The securities regulator raised the margin-loan ratio to 1:1 while the finance ministry is set to extend the tenure as well as the amount of the capital-market refinancing fund to help revamp the country's moribund capital market.
Following the news, the bargain hunters, including institutional investors, rushed to buy shares as soon as the market opened and the key index jumped over 100 points at the opening which sustained till the end of the session.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared 118.86 points ...
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