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The Financial Express

DSE key index hit new high

| Updated: October 01, 2021 11:17:47


DSE key index hit new high

Stocks extended the rally on Tuesday with the key index of the Dhaka Stock Exchange (DSE) soared to a fresh high after the central bank directive that banks can buy private sector-issued green Sukuk from their special funds.

The market opened on a positive note and the upward trend sustained till the end of the session with no sign of reversal.

DSEX, the benchmark index of the DSE, went up 45.52 points or 0.62 per cent to settle at more than 7,297 – the highest since its inception nearly nine years back on January 27, 2013.

The DSE 30 Index, comprising blue chips, rose 15.57 points to finish at 2,691, also the highest since its introduction on January 27, 2013.

The DSE Shariah Index (DSES) went up by 6.51 points to close at 1585.

Turnover, a crucial indicator of the market, crossed Tk 21 billion-mark and amounted to Tk 21.35 billion on the DSE, which was 7.82 per cent higher than the previous day’s tally of Tk 19.80 billion.

After witnessing volatility in the past few days, the market boosted following the news that the Bangladesh Bank allowed banks to invest the entire special fund in asset-backed green Sukuk, said a stockbroker.

Banks can buy private sector-issued green Sukuk, including Beximco’s Tk 30 billion Sukuk, from their special funds of Tk 2.0 billion, which they were allowed to form to invest in the stock market, as per the BB directive issued on Monday.

However, losers took a modest lead over the gainers as out of 375 issues traded, 172 closed lower, 164 higher and 39 issues remained unchanged on the DSE trading floor.

Orion Pharma topped the turnover list again with shares worth Tk 1.17 billion changing hands, closely followed by LafargeHolcim (Tk 1.11 billion), Beximco (Tk 1.09 billion), Shahjibazar Power (Tk 699 million) and Saif Powertec (Tk594 million).

Deshbandhu Polymer was the top gainer, posting a 8.67 per cent rise while Monno Ceramic was the worst loser, losing 5.12 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –gaining186 points to settle at 21,334 and the Selective Categories Index – CSCX rising 114 points to close at 12,805.

Of the issues traded, 167 advanced, 126 declined and 26 remained unchanged on the CSE trading floor.

The port city’s bourse traded 20.77 million shares and mutual fund units with a turnover value of Tk 670 million.

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