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The Dhaka Stock Exchange (DSE) index has risen for a third consecutive day, reaching touching distance of Tk 5.0 billion.
The upward trend persisted through Tuesday morning culminating in 7 additional points compared to the previous day, recording a price index of 5,202 points.
Shares worth Tk 4.99 billion changed hands by the end of the day, compared to Tk 4.26 billion of the previous day. Turnover of Tk 5.0 billion was last recorded on Nov 17, when the DSE registered Tk 5.05 billion in transactions.
Since then, the DSE has posted turnovers of Tk 4.0 billion-Tk 5.0 billion on several days, though it has mostly remained under Tk 4.0 billion.
After price index reforms, share market trading began on Sunday. Following the revision, the number of companies on the DSEX list leapt to 326, up from 253 earlier.
Since the restructuring of the index, DSE trading and index volume have gone up. The index rose by 69 points over the last three days according to bdnews24.com.
According to the DSE, as many as 35 companies traded Tk 154.9 million in the block market, with telecom organisation ADN leading them by Tk 46 million in trade.
Of the 401 trading companies, prices climbed for 165, dropped for 156 and remained the same for 80.
Companies from the medicine, chemical, apparel and engineering sectors led the trading. Companies from medicine and chemical industries traded shares worth Tk 970 million, 19.79 per cent of all trades completed.
Among the companies whose prices rose were Best Holdings, IFAD Autos and Coppertech Industries. The companies that saw most the sharpest price drops were Associated Oxygen, BIFC and Asiatic Laboratories.