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Sunday, November 23, 2014

Monday, July 7, 2008
Business

Proposed changes in mutual fund rules

Small investors form human chain

Key DSE index higher slightly

A group of small investors formed a human chain in front of the DSE building to protest the market regulator's move to review the mutual fund rules as Dhaka Stock Exchange key index closed slightly higher yesterday, the first trading day of the week.

The Securities and Exchange Commission recently decided that it will not allow the mutual funds to increase their capital base through offering bonus or rights shares.

The SEC also decided to bar new mutual funds from offering placement shares to existing mutual funds.

However, just after the formation of the human chain at around 11am, members of the law enforcing agency rushed to the spot and dispersed the protestors.

The DSE General Index rose by 1.15 points, or 0.03 percent, finishing the day at 3020.3 points. However, the DSE All Share Price Index slightly fell by 2.38 points, or 0.09 percent, ending the day at 2585.61 points.

Yesterday the market began with a big jump in the general index. After gaining 20 points in just 10 minutes, the market remained almost unchanged in the next half an hour. Later, the market again gained 17 points before it closed the day slightly higher.

A total of 1,92,32,521 shares, worth Tk 312.79 crore, changed hands on the premier bourse. Of the issues traded, 105 advanced, 104 declined and 13 remained unchanged.

Meanwhile, the price indices on the Chittagong Stock Exchange (CSE) fell slightly yesterday.

The CSE Selective Categories Index marginally fell by 6.37 points, or 0.1 percent, to close at 5897.74 points, while the CSE All Share Price Index slightly declined by 4.76 points, or 0.05 percent, to finish at 9107.46 points.

A total of 46,18,921 shares, worth Tk 43.38 crore, changed hands on the port city bourse. Of the issues traded, 60 advanced and 79 declined with four unchanged.

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