Dhaka stocks regain

The key index of the Dhaka Stock Exchange (DSE) gained marginally in the morning trade today after the market reacted to Moody's downgrading Bangladesh's credit rating.

DSEX, the benchmark index, added 6.29 points or 0.12 percent to  5248.96 as of 11:54 am. 

The recovery comes after yesterday's fall following Moody's downgrading of Bangladesh's rating from B1 to B2 as a result of heightened political risks, lower growth forecasts, further deterioration in law and order and weak domestic demand.

Of the traded shares, 213 advanced, 89 declined, and 67 remained unchanged. 

Total turnover stood at Tk 142 crore as of 11:54 am. 

Jute Spinners Ltd led the gains with over an 8 percent rise, while Paramount Textile PLC saw the steepest drop, falling over 9 percent as of 11.12 am

The CSE All Share Price Index (CASPI) declined 0.03 percent, losing 5.45 points to 14685.59.