The Financial Express

DSEX exceeds 6,800-mark to hit new high

| Updated: August 24, 2021 08:59:49

DSEX exceeds 6,800-mark to hit new high

Stocks rebounded strongly with the prime index of the Dhaka Stock (DSEX) surpassing the 6,800-mark on Sunday, for the first time after the index was introduced more than eight years back in 2013.

DSEX, the core index of the DSE went up by 81.61 points or 1.20 per cent to settle at 6,842–the highest since its inception on January 27, 2013.

Along with the key index, two other indices--the DSE 30 Index and the DSE Shariah Index (DSES) -- followed the suit to close at their historical highs of 2,451 and 1,479, after rising 28.34 points and 18.38 points respectively.

The DSE launched the DS30 Index on January 27, 2013 with a base point of 1,460.30 while DSES was introduced on January 20, 2014 with a base point of 941.27.

The market capitalisation of the prime bourse also hit a fresh all-time high at Tk 5,544 billion on Sunday, surpassing the previous high of Tk 5,512 billion recorded just five days back.

Market analysts said the buoyant investors put fresh bets on stocks after a two-day profit booking modest corrections riding on the securities regulator’s extended credit facilities.

The gainers took a strong lead over the losers as out of 376 issues traded, 247 advanced, 96 declined and 33 remained unchanged on the DSE trading floor.

Beximco - the flagship company of Beximco Group-topped the turnover list with shares worth Tk 1.54 billion changing hands, followed by LafargeHolcim (Tk 902 million), First Security Islami Bank (Tk 672 million), IFIC Bank (Tk 622 million) and LankaBangla Finance (Tk 538 million).

Low-cap companies continued to dominate the gainers’ list with Aziz Pipes was the day’s top gainer, posting a 10 per cent rise while Malek Spinning Mills was the worst loser, losing 4.33 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –soaring 208 points to settle at 19,921 and the Selective Categories Index – CSCX rising 121 points to close at 11,942.

Of the issues traded, 171 advanced, 37 declined and 17 remained unchanged on the CSE trading floor.

The port city’s bourse traded 14.89 million shares and mutual fund units with turnover value of Tk 297 million.

[email protected]

Share if you like