Dhaka, Bangladesh (BBN) - Total turnover in the country’s inter-bank call money market fell slightly on Wednesday following lower demand for overnight borrowing, treasury officials said.
Turnover in the call money market came down to BDT 53.83 billion on Wednesday from BDT 58.34 billion of the previous working day, according to the latest central bank statistics, released on Thursday.
However, the inter-bank call money rates remained unchanged in early-hour trading on the day while the US dollar was stable against the local currency in the inter-bank market, they added.
The call rate ranged between 5.30 per cent and 6.50 per cent unchanged from the previous level. However, most of the deals were settled at rates varying between 5.30 per cent and 6.0 per cent, they added.
On the other hand, the banks quoted the dollar rate at BDT 77.80 on the day unchanged from the previous level.
On the other hand, the Bangladesh Bank (BB) withdrew BDT 142.74 billion at 5.25 per cent from the market using its reverse REPO (repurchase agreement) auction on Wednesday. It was BDT 141.07 billion on Monday.
Bangladesh’s stocks saw upward trend in early hour of trading on Thursday, the last trading session of the week.
DSEX, the prime index of the DSE, went up by 15.80 points or 0.33 per cent to reach at 4,837.43, after first 30 minutes of trade,when the report was filed at 11am.
Turnover on the DSE stands at BDT 790 million when the report was filed at 11am.
Of the issues traded till then, 134 advanced, 60 declined and 52 issues remained unchanged.
The port city bourse – the CSE also saw positive in early hour of trading with its Selective Category Index -- CSCX – gained 28 points to stand at 9,046, also at 11am.
Of the issues traded till then, 68 gained, 31 declined and 16 issues remained unchanged with a turnover value of BDT 64 million.
BBN/SSR/AD