Stocks soar after Eid holidays

Bangladesh Sangbad Sangstha . Dhaka | Published: 18:10, May 16,2021


Stocks on Sunday soared in the post-Eid session with the benchmark index of the Dhaka Stock Exchange crossing the 5,800-mark after four months.

DSEX, the prime index of the DSE, went up by 62.66 points or 1.08 per cent to settle at nearly four months high at 5,813, which is the highest level of DSEX since January 24.

Two other indices also ended higher with the DSE 30 Index, comprising blue chips, advanced 5.78 points to finish at 2,192 and the DSE Shariah Index rose 7.64 points to close at 1,282.

Turnover, a crucial indicator of the market, remained satisfactory and amounted to Tk 14.18 billion on the country’s premier bourse, which was 2.41 per cent lower than the previous day’s turnover of Tk 14.53 billion.

Gainers took a strong lead over the losers, as out of 368 issues traded, 231 advanced, 88 declined and 49 issues unchanged on the DSE trading floor.

Beximco continued to dominate the turnover chart with shares worth about Tk 831 million changing hands, followed by SaifPowertec (Tk 422 million), Robi (Tk 318 million), Summit Power (Tk 312 million), and National Feed Mills (Tk 307 million).

The market cap of DSE also rose to Tk 4,930 billion on Sunday, up from Tk 4,899 billion in the previous session.

The Chittagong Stock Exchange also ended higher with the CSE All Share Price Index — CASPI — soaring 191 points to settle at 16,849 and the Selective Categories Index – CSCX rising 112 points to close at 10,156.

Of the issues traded, 192 advanced, 68 declined and 32 remained unchanged on the CSE.

The port city’s bourse traded 37.52 million shares and mutual fund units with a turnover value of Tk 711 million.

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