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Stocks opened higher on Monday as optimistic investors continued their buying spree on lucrative shares buoyed by high hopes for budgetary incentives.
Market analysts said the stock investors are optimistic as the interim government is set to bring some policy support and tax incentives for the capital market in the upcoming aimed at revitalising the struggling stock market.
Finance Adviser Salehuddin Ahmed adviser will unveil the national budget for FY 2025-26 today at 3:00 pm, which may include several market-supportive measures, including widening the tax rate gap between listed and non-listed firms.
Following the news, the prime index of the Dhaka Stock Exchange (DSE), went up by more than 30 points or 0.65 per cent to 4,698 at 11:00 am, when the report was filed.
The DS30 index, a group of 30 prominent companies, also gained 10 points to 1,758 while the DSES index, which represents Shariah-based companies, rose 7 points to 1,025.
Turnover, another important indicator of the market, however, remained low and stood at Tk 760 million as many investors were not interested to put fresh funds into stocks ahead of Eid-ul-Azha.
Of the issues traded till then, 236 advanced, 52 declined, and 74 issues remained unchanged on the DSE trading floor till then.
BRAC Bank was the most traded stock with shares worth Tk 55 million changing hands.
The Chittagong Stock Exchange (CSE) also saw an upward trend till then with its All Shares Price Index (CASPI)—gaining 19 points to 13,135, while the Selective Categories Index – CSCX rose more than 14 points to 8,028.
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