Business

The big rise in the stock market is to pull the reins

The decision has had a positive effect on the stock market as the share price has been reduced to prevent a fall. Coming out of the trend of falling prices of the last few days, the index has risen a lot on Wednesday. The main index of the country’s stock market Dhaka Stock Exchange (DSE) DSEX has risen 156 points or two and a half percent in a single day today. The overall index of Chittagong Stock Exchange (CSE) is 362 points or 2 percent.

The Bangladesh Securities and Exchange Commission (BSEC), the regulator of the capital market, has set a maximum limit of 2 per cent or a circuit breaker to reduce the share price from today. In other words, from today, there was no opportunity to reduce the price of any share in the stock market by more than 2 percent. According to the BSEC decision, most of the stocks traded in the market today have gone up in price. This has led to a big rise in the index.

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