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Capital market reaches unique height


Published : 07 Aug 2021 09:54 PM | Updated : 08 Aug 2021 12:49 AM

The capital market has reached a unique height with most of the indicators of the Dhaka Stock Exchange surging to new peaks amid high expectations among investors.

Besides, stocks extended their rally for the seventh straight week as investors continued to put fresh funds into stocks despite virus worries.

Market experts said stocks continued making a new record after breaking previous one as investors are putting fresh funds on stocks as they hope the index will rise further after the Bangladesh Bank unveiled another expansionary monetary policy.

Besides, the regulatory decision to keep the market open during the lockdown has been taken positively and pushed the market up, they added.

They mentioned that many market-supportive measures including removal of the floor price restriction from all listed securities, lower returns from the money market, budgetary measures and several regulatory reforms to build a vibrant capital market has kept the market afloat.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up 170.82 points or 2.66 percent to close at 6,596, the highest since its inception more than eight years back on 27 January 2013.

It added 543 points in the past seven consecutive weeks.

The DSE30 Index, comprising blue chips, increased 6 points to close at 2,328 and the DSE Shariah Index (DSES) went up 14 points to close at 1,401.

The DSE30 Index, comprising blue chips and the DSE Shariah Index (DSES) also witnessed a record high to stand at historical highs of 2,385 and 1,439, after gaining 58.02 points and 38.30 points respectively.

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

The market capitalisation of the DSE also hit a fresh all-time high at Tk 5,443 billion on Thursday, surpassing the previous day's record high of Tk 5,415 billion.

On the other hand, the port city bourse, the Chattogram  Stock Exchange (CSE) also saw a rapid growth with its selective category index (CSCX) gaining 323 points in the last week to close at 11,513 points.

The All-Share Price Index (CASPI) of the CSE was higher by 553 points to close at 19,188 points.

Of the 340 issues traded, 269 advanced, 59 declined and 12 remained unchanged on the CSE floor.

The port city's bourse traded 11.02 crore shares and mutual fund units with turnover value of Tk 234 crore during the time.