DSEX crosses 7000-mark

On the first trading day of the week Dhaka Stock Exchange (DSE)extended rally with Key index DSEX surpassing the 7,000-mark for the first time after its inception more than eight years back in 2013.

Within minutes of stocks opening on Sunday, the DSE had climbed 38.7 points. At 12:20 pm on Sunday, the DSEX, the key stock index, stood at 7,062.4 after climbing 80.98 points, or 1.16 percent. Then DSEX soared 71.76 points or 1.02 per cent to settle at more than 7,052 – the highest since its inception on January 27, 2013.

Two other indices--the DSE 30 Index and the DSE Shariah Index (DSES) -- followed the suit to close at their new highs of 2,533 and 1,528, after rising 37.13 points and 19.98 points respectively.

The market capitalisation of the prime bourse also hit a fresh all-time high at Tk 5,692 billion on Sunday, surpassing the previous high of Tk 5,637 billion recorded on Thursday last.

Turnover, a crucial indicator of the market, climbed to Tk 28.68 billion on the country’s premier bourse, in a further buck by 16 per cent over the previous day’s mark of Tk 24.74 billion.

Experts said the market remained bullish as the investors are more confident and buoyant amid the regulatory measures, lower returns on the money market coupled with excess liquidity in the financial market.

The gainers took a strong lead over the losers as out of 375 issues traded, 208 closed higher, 130 lower and 37 issues remained unchanged on the DSE trading floor during the week.

Beximco - the flagship company of Beximco Group-topped the turnover list with shares worth Tk 1.83 billion changing hands, followed by LafargeHolcim (Tk 662 million), BeximcoPharma (Tk 605 million), LankaBangla Finance (Tk 528 million) and Doreen Power (Tk 449 million).

ADN Telecom was the top gainer, posting a 10 per cent rise while SEML FBLSL Growth Fund was the worst loser, losing 9.83 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –soaring 234 points to settle at a historical high at 20,563 and the Selective Categories Index – CSCX rising 141 points to close at a record high at 12,324.

Of the issues traded, 198 advanced, 100 declined and 29 remained unchanged on the CSE trading floor.

The port city’s bourse traded 34.48 million shares and mutual fund units with a turnover value of Tk 952 million.