Stocks extend rally for 2nd day owing to govt moves

Country's both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) also witnessed an upward trend on Wednesday like previous day following the government's recent moves to restore investor confidence.

As part of govt moves, the Bangladesh Securities and Exchange Commission (BSEC) has formed a four-member inquiry committee to investigate the reasons behind the recent downward trend in the market, which appears unusual and suspicious.

Moreover, the BSEC has also been holding meetings with stakeholders and other parties concerned to find out what can be done to develop the country's capital market.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI -advancing 330.27 points to settle at 14347.78 and the Selective Categories Index - CSCX gaining 192.83 points to close at 8720.77.    �BSS