Stock market reaches a new height, as the market capitalisation of the Dhaka Stock Exchange (DSE) hit a highest ever level of Tk 556,370 crore on Monday.
Besides, stocks expanded the rally as all three indices of the DSE also set at new highs.
Market experts said stocks continued to making a new record after breaking the previous one as investors are injecting fresh funds in stock market amid the prevailing Covid-19 pandemic as they hope that the index would rise further after the Bangladesh Bank unveiled another expansionary monetary policy.
They said the market witnessed a rise in the last several weeks due to lower returns from the money market and extended credit facilities.
On the other hand, the news of regulatory approval to the first board of governors of the much-expected Capital Market Stabilisation Fund (CMSF) boosted their confidence, 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.
However, DSEX, the prime index of the DSE, rose by 20.18 points or 0.29 percent to settle at 6,862 that is the highest since its inception more than eight years back on January 27, 2013.
The DSE 30 Index and the DSE Shariah Index (DSES) also hit a record high to close at 2,459 and 1,487, after gaining 8.05 points and 7.60 points respectively.
As out of 376 issues traded on DSE’s floor, 183 declined, 166 advanced and 27 remained unchanged.
Beximco topped the turnover list with shares worth Tk 1.30 billion changing hands.
It was followed by Power Grid Company (Tk 1.03 billion), LafargeHolcim (Tk 617 million), IFIC Bank (Tk 525 million) and LankaBangla Finance (Tk 490 million).
Padma Life Insurance was the day’s top gainer, posting a 9.91 percent rise while Stylecraft was the worst loser, losing 5.78 percent.
On the other hand, the port city bourse, the Chittagong Stock Exchange (CSE) also saw a rapid growth with its selective category index (CSCX) gaining 46 points in the last week to close at 11,989 points.
The All-Share Price Index (CASPI) of the CSE was higher by 75 points to close at 19,996 points.
Of the 330 issues traded, 154 advanced, 146 declined and 30 remained unchanged on the CSE floor.
The port city's bourse traded 3.97 crore shares and mutual fund units with turnover value of Tk 101 crore during the time.
