Saturday, 25 September, 2021
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Stocks see largest single-day gain in 12 months

Stocks see largest single-day gain in 12 months

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Stock market made a strong u-turn on Tuesday, with making the largest single-day surge in the broader index in 12 months on the positive news about coordinated effort to help strengthen the country’s capital market.
DSEX - the major index of the Dhaka Stock Exchange (DSE) - surged by 2.42 percent or over 100 points to close at 4272.17, which was the largest one-day gain in the broader index since May, 2015, reports BSS.
The blue-chip DS30 closed over 45.26 points higher at 1644.50 and the Shariah DSES ended 24 points up at 1044.08.
The all share price index of Chittagong Stock Exchange (CSE)- CASPI- also followed the DSEX with making a phenomenal 307.95 points gain to finish the day at 13128.91.
The market had been plunging for days due mainly to lower activities when all the indices at Dhaka and Chittagong stock exchanges closed most of the sessions in red.
The broader indices at the country’s twin bourses, however, return to green zone on Tuesday, with maintaining bullish trend throughout the session. A good number of buyers were active for making profit by booking shares of the companies, the prices of which already neared their bottom on the recent wave of price fall.
Market analysts said the stock got the boost from the Bangladesh Bank’s move to help banks adjust their capital market exposure.