Dhaka bourse turnover hits almost three-month high

Published : 02 Aug 2022 09:20 PM

Turnover in the Dhaka Stock Exchange (DSE) on Tuesday hit almost three-month high as investors continued their buying spree on large-cap issues amid optimism.

Turnover, a crucial indicator of the market, stood at Taka 11.83 billion on the country's premier bourse, in a further buck by 28 per cent over the previous day's tally of Taka 9.22 billion.

Along with rising turnover, the prime index of the DSE, soared 85.24 points or 1.38 per cent to settle at 6,249. Two other indices also closed higher. The DS30 index, comprising blue chips, rose sharply by 30.01 points to finish at 2,234 and the DSE Shariah Index (DSES) soared 1,527 points to close at 1,362.

Gainers took a strong lead over the losers, as out of 382 issues traded, 290 advanced, 36 declined and 56 remained unchanged on the DSE trading floor.

Beximco - the flagship company of Beximco Group-continued dominated the turnover chart, followed by Fortune Shoes, Delta Life Insurance, Sonali Paper & Board Mills and Malek Spinning Mills.

Tamijuddin Textile Mills was the best performer, posting a gain of 9.97 per cent while Envoy Textile was the worst loser, losing 3.94 per cent.

The Chittagong Stock Exchange also kept rising with its All Shares Price Index (CASPI)-soaring 206 points to finish at 18,318 while the Selective Categories Index - CSCX rising 123 points to close at 10,975.

Of the issues traded, 193 advanced, 37 declined and 67 issues remained unchanged on the CSE.

The port city bourse traded 6.15 million shares and mutual fund units with a turnover value of nearly Taka 170 million.