DSEX reaches new high


The capital market started well at the beginning of the new fiscal year and DSEX, the prime index of Dhaka Stock Exchange (DSE), reached a new height on Monday before Eid.

Despite virus worries, the DSEX crossed the 6,400-mark to stand at 6,405 points for the first time on Monday as investors showed buying spree on stocks.

The market capitalization of the DSE also hit a fresh all-time high at Tk 5351.85 billion on Monday, surpassing the previous record high of Tk 5323.11 billion recorded just one day back.

Only one day later, Eid-ul-Azha, the biggest festival of Muslims, will be celebrated in the country.

However, investors are quite happy that such a record was created in the last working day before Eid.

They said the Covid-19 pandemic disturbed normal human life not only in Bangladesh but also in the whole world. People do not have that joy of Eid, they added.

Even then, investors are happy that the stock market has recovered after a long recession, they mentioned.

Experts said stocks witnessed an upward trend and extended rally for several week 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 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 39.92 points or to close at 6405.04.

However, the DSE30 Index, comprising blue chips, increased 16.35 points to close at 2322.37 and the DSE Shariah Index (DSES) went up 8.37 points to close at 1387.76.

Of the 372 issues traded, 159 advanced, 179 declined and 34 issues remained unchanged on the DSE trading floor during the week.

SAIFPOWER was the most traded stock with shares worth Tk 284 million changing hands.

It was followed by BATBC, FUWANGCER, POWERGRID and BEACONPHAR.

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 117.11 points on the day to close at 11147.66 points. 

The All-Share Price Index (CASPI) of the CSE was higher by 190.21 points to close at 18569.76 points.

Of the 313 issues traded, 138 advanced, 148 declined and 27 remained unchanged on the CSE floor.

The port city's bourse traded 1.86 crore shares and mutual fund units with turnover value of Tk 44.14 crore during the time.