DSEX exceeds 7000-mark

FE ONLINE REPORT | Sunday, 9 January 2022

Stocks maintained their rising trend on Sunday with the key index of the major bourse crossing the 7000-mark, as buoyant investors put fresh bets on major sector issues, beating Omicron worries.

Following six days’ rising trends, DSEX, the prime index of the Dhaka Stock Exchange (DSE), rose 31.63 points or 0.45 per cent to stand at 7,019, after the first hour of trading at 11:00am on Monday.

Two other indices also saw upbeat trends till then. Of them, DS30 index, comprising blue chips, gained 9.51 points to reach 2,612 points and Shariah index (DSES) rose 9.92 points to stand at 1,482.

Market analysts said stocks continued to swell, beating worries of the rising Covid-19 cases in the country as investors continued pouring in their funds in the rallying stock market.

Turnover, another important indicator of the market, stood at Tk 4.48 billion within the first hour of trading at 11:00am.

Of the issues traded till then, 211 advanced, 97 declined and 60 issues remained unchanged on the DSE trading floor till then.

Bangladesh Shipping Corporation was the most traded stock till then with shares worth Tk 425 million changing hands, closely followed by Delta Life Insurance, LafargeHolcim, Power Grid Company and Fareast Life Insurance.

The Chittagong Stock Exchange opened sharply higher with its All Shares Price Index (CASPI)—rising 114 points to stand at 20,609, while the Selective Categories Index (CSCX) gained 69 points to reach 12,379, also at 11:00am.

Of the issues traded till then, 72 advanced, 55 declined, and 30 remained unchanged with Tk 121 million in turnover.

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