Investors brought another Tk 6,204 crores into the Dhaka Stock Exchange in the week of the budget announcement.
The market-capitalisation (cap) of Dhaka Stock Exchange (DSE) stood a record high of Tk 5089.47 billion on Thursday against Tk 5027.44 billion in a week earlier thanks to the increased participation of investors.
Besides, the investors brought in almost Tk 497 billion fresh funds on the Dhaka Stock Exchange (DSE) during the last eight weeks.
On the other hand, the stock market maintained the rising trend for the last eight consecutive weeks despite maintaining lockdown.
DSEX, the core index of the Dhaka Stock Exchange (DSE), added more than 798 points in the past eight consecutive weeks to close at 6,053 points.
Market analysts said the capital market hits a record high as lower returns on the money market, limited scope of investment in other instruments, regulatory reforms and earnings of listed firms are the reasons behind the recent bullish trend in the stock market.
Besides, liquidity surpass in the banking sector, enlistment of some good securities, and proactive regulatory measures, are the reasons behind the present positive trend in the stock market, they added.
They said the investors continued their buying spree in selective securities amid growing of investors’ confidence in the market.
The stocks witnessed continuously upward trend on the back of positive macroeconomic indicators in the country like remittance, foreign reserve, and export growth coupled with better than expected earnings declarations, they added.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) rose by 67.61 points or 1.13 percent to cross 6,000-mark at 6,053 points, it was also the highest level of DSEX in 40 months since February 14, 2018 while DSEX was 6,102.
The DSE30 Index, comprising blue chips, went up by 13.85 points to close at 2,203 and the DSE Shariah Index (DSES), increased by 8.16 points to finish at 1,293.
The total turnover on the prime bourse went up to Tk 102.58 billion against Tk 76.83 billion in the week before.
Gainers took a modest lead over the losers, as out of 371 issues traded, 192 advanced, 130 declined and 49 remained unchanged on the DSE trading floor.
Beximco was the most- traded stock with shares worth Tk 5.25 billion changing hands.
It was followed by Pioneer Insurance (Tk 2.44 billion), IFAD Autos (Tk 2.33 billion), LankaBangla Finance (Tk 2.03 billion) and Dutch-Bangla Bank (Tk 1.97 billion).
On the other hand, the port city bourse, the Chittagong Stock Exchange (CSE) also saw a positive trend with its selective category index (CSCX) gaining 120 points in the last week to close at 10,574 points.
The All-Share Price Index (CASPI) of the CSE was higher by 196 points to close at 17,543 points during the time.
Of the 329 issues traded on CSE floor, 177 advanced, 117 declined and 90 remained unchanged on the CSE in the last week.
The port city's bourse traded 13.38 crore shares and mutual fund units with turnover value of Tk 378 crore during the time.
