The Financial Express

DSEX closes near 6700-mark on buying spree

| Updated: August 15, 2021 09:57:44

DSEX closes near 6700-mark on buying spree

Stocks extended their rally on Thursday with all three indices and market-cap surged to new peaks amid high expectations among investors.

DSEX, the core index of the Dhaka Stock Exchange, went up by 76.07 points or 1.14 per cent to settle at 6,699, the highest since its inception more than eight years back in 2013.

Along with the key index, the two other indices--the DSE 30 Index and the DSE Shariah Index (DSES) -- followed the suit to close at their historical highs of 2,427 and 1,459, after gaining 29.91 points and 14.96 points respectively.

The market capitalisation of the DSE also hit a fresh all-time high at Tk 5,478 billion on Thursday, surpassing the previous high of Tk 5,455 billion recorded just three days back.

Turnover, a crucial indicator of the market, climbed to Tk 26.62 billion on the country’s premier bourse, in a further buck by 20.34 per cent over the previous day’s mark of Tk 22.12 billion.

Market analysts said the buoyant investors are putting fresh funds on stocks anticipating positive momentum ahead owing to the reopening of the economy and revival of some sectors activity.

Gainers took a strong lead over the losers, as out of 376 issues traded, 209 advanced, 144 declined and 23 remained unchanged on the Dhaka bourse.

A total number of 343,671 trades were executed in the day’s trading session with a trading volume of 891.87 million shares and mutual fund units.

Beximco - the flagship company of Beximco Group-continued to top the turnover list with shares worth Tk 2.59 billion changing hands, followed by LankaBangla Finance (Tk 1.21 billion), IFIC Bank (Tk 765 million), Alif Manufacturing Company (Tk 555 million) and Beximco Pharma (Tk 489 million).

Newly listed SBAC Bank was the day’s top gainer for the second day of debut hitting the upper limit circuit breaker with 10 per cent rise, while IFIL Islamic Mutual Fund One was the worst loser, losing 5.55 per cent.

The Chittagong Stock Exchange also ended sharply higher with its All Shares Price Index (CASPI)—soaring 237 points to finish at 19,515 while the Selective Categories Index – CSCX rising 138 points to close at 11,702.

Of the issues traded, 192 advanced, 104 declined and 27 issues remained unchanged on the CSE.

The port city bourse traded 43.02 million shares and mutual fund units with a turnover value of Tk 899 million.

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