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Stocks on the Dhaka Stock Exchange (DSE) extended their rally on Tuesday, with daily turnover exceeding the $11 billion mark as buoyant investors put fresh funds into lucrative stocks in anticipation of good returns.
Turnover, a crucial indicator of the market, stood at Tk 11.77 billion on the country’s premier bourse, highest in eight months, climbing further by 13 per cent over the previous day’s mark of Tk 10.42 billion.
Along with higher turnover, the prime index of the DSE also ended higher, with the key index rising almost 22 points or 0.35 per cent, to settle at 6,276.
Two other indices also saw positive trends. The DS30 Index, which consists of blue-chip companies, rose more than 10 points to 2,158, while the DSES index, which represents Shariah-based companies, gained 3 points to 1,384.
Market experts said the buying appetite of institutional investors is putting money on fundamentally sound shares in anticipation of good returns.
Meanwhile, the securities regulator lifted the floor price of 23 more companies on Monday, encouraged by market recovery in the second trading session on the day without the price restriction.
Of the 393 issues traded, 227 declined, 126 advanced, and 40 remained unchanged.
The Chittagong Stock Exchange (CSE), however, closed lower, with its All Share Price Index (CASPI) shedding 77 points to settle at 18,158 and the Selective Categories Index (CSCX) losing 40 points to close at 10,873.