DSE turnover crosses Tk1,000 crore
DSEX, the broad-based index, rose by 0.62% to close at 5,126 points
Transaction at the Dhaka Stock Exchange (DSE) crossed Tk1,000 crore on Sunday, for the first time since 15 November.
On the 14th day of upward trend, DSEX, the broad-based index, rose by 0.62% to close at 5,126 points.
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Analysts thanked the favourable macroeconomic indicators and low interest rate in the money market, which together increased investors' confidence in the market.
Along with that, the capital market regulator's initiative to accelerate company listing process, and the central bank's imposition of additional 1% general provision against all unclassified loans with the aim to improving the financial health and shock absorbing capacity of banks also helped to boost investors' confidence, said EBL Securities Research in its daily market commentary.
On the first working day of the week, cement, engineering, miscellaneous, food, financial institutions, pharmaceuticals and telecom led the sectoral gain table with more than 1% increase in market capitalisation.
General insurance sector lost 3.9% market capitalisation as a part of ongoing price correction following a huge gain in recent months. Mutual fund and IT sectors also faced a sell pressure and lost more than 1% in market capitalisation.
In the turnover table of sectors, general insurance, banks, pharmaceuticals, textile, and engineering were in top positions.
Out of the 356 issues traded at the DSE, the price of 141 advanced, 153 declined and 62 remained unchanged.
Investors' appetite for selective stocks has been reflected in the 1.33% gain of blue-chip index DS30 and 0.95% gain in Shariah index DSES, much higher than the broad-based index DSEX.
Maksons Spinning topped the gainers' list due to the company's recent announcement to invest a huge sum for manufacturing high value yarns.
In contrast, Keya Cosmetics lost more than 10% of its market capitalisation following its disclosure of net asset value collapse by more than 99%.
Meanwhile, the Chittagong Stock Exchange (CSE) also settled on the green trajectory with 1% increase in turnover and more than 0.6% gains in indices.
At the port city bourse, against 101 gainers, 122 scrips lost and price of 54 remained unchanged.
