DSEX exceeds 7000-mark as major sectors soar
Stocks witnessed a big jump on Tuesday, with the key index of the Dhaka bourse crossing the 7000-mark, as buoyant investors put fresh bets on major sector shares riding on regulatory moves.
The market opened on a high note and the upbeat trend continued till the end of the session with no sign of reversal after the news that the securities regulator has asked the stockbrokers and merchant bankers not to consider the index at giving margin loans to investors.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 115.21 points or 1.65 per cent to settle at 7,056.
Market analysts said the investors showed their buying interest in the stocks of the banking sector ahead of their year-end.
Two other indices also closed higher with the DSE 30 Index, comprising blue chips, soaring 31.71 points to finish at 2,691 and the DSE Shariah Index (DSES) rising 19.77 points to close at 1,484.
Turnover, a crucial indicator of the market, also rose to Tk 14.91, which was 5.0 per cent higher than the previous day’s tally of Tk 14.21 billion.
Top positive index contributors were Square Pharma, BRAC Bank, Islami Bank, LafargeHolcim, ICB, GP, and IFIC Bank, according to amarstock.com.
Gainers took a modest lead over the losers, as out of 376 issues traded, 219 advanced, 130 declined and 27 remained unchanged on the DSE trading floor.
Beximco was the most traded stock with shares worth Tk 1.44 billion changing hands, followed by IFIC Bank (Tk 1.16 billion), BRAC Bank (Tk 735 million), Square Pharma (Tk 572 million) and Beximco Pharma (Tk 497 million).
AB Bank was the day’s top gainer, rising 9.92 per cent while Renata was the worst lower, losing 8.81 per cent.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –jumping 315 points to settle at 20,638 and the Selective Categories Index – CSCX, soaring 192 points to close at 12,407.
Of the issues traded, 150 advanced, 113 declined and 27 remained unchanged on the CSE.
The port city’s bourse traded 21.70 million shares and mutual fund units with a turnover value of Tk 659 million.