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DSEX hits new height last week

Published : 31 Jul 2021 09:53 PM | Updated : 01 Aug 2021 12:52 AM

The capital market now passes a golden time despite the corona pandemic as DSEX, the prime index of Dhaka Stock Exchange (DSE), hit a new height in the last week.

Despite virus worries, the DSEX stood at 6,425 points for the first time in the last week, the highest since its beginning in 2013 as investors showed buying spree on stocks.

Experts said stocks witnessed an upward trend and extended rally for several weeks as many investors continued their buying spree on different sector securities.

They said the hopeful investors have injected funds in the market as the government has kept the undisclosed money for investment opportunity in the capital market in the new fiscal year.

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 have kept the market afloat.

However, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), increased by 20.20 points or 0.31 percent to close at 6425.

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

The market capitalisation of the DSE stood at Tk 5344.04 billion in the last week against 5351.85 billion in the previous week.

Of the 377 issues traded, 199 advanced, 167 declined and 11 issues remained unchanged on the DSE trading floor during the week.

SAIFPOWER was the most traded stock with shares worth Tk 2,50 crore changing hands. It was followed by Bangladesh Export Import Company, GPH Ispat, BATBC and Baraka Patenga Power.

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 43 points in the last week to close at 11,190 points.

The All-Share Price Index (CASPI) of the CSE was higher by 66 points to close at 18,635 points.

Of the 339 issues traded, 146 advanced, 166 declined and 27 remained unchanged on the CSE floor.

The port city's bourse traded 11.51 crore shares and mutual fund units with turnover value of Tk 260 crore during the time.