Stock markets open with health guidelines

Staff Correspondent

1 June, 2020 12:00 AM printer

Stocks on both the bourses ended higher on Sunday after stock markets opened following a two-month trading halt.

DSEX, the key index of Dhaka Stock Exchange (DSE), went up by 52.15 points or 1.30 per cent to close at 4,060 over the last session that took place on March 25 last.

Trading on the bourses resumed maintaining necessary health safety guidelines issued by the Ministry of Health and Family Welfare, after a gap of 66 days due to the COVID-19 outbreak.

Trading continued for three hours till 1:30pm, instead of usual four hours, as the bourses cut one hour trading time due to the virus outbreak

Two other indices of country’s prime bourse also ended higher. The DS30 index, comprising blue chips, soared 34.53 points to close at 1,365 and the DSE Shariah Index rose 30.91 points to close at 951.

Turnover, one of the important indicators of the market, stood at Tk 1.43 billion on the country’s premier bourse, falling 59 per cent over the last session’s of Tk 3.48 billion on March 25.

Prices of some disinfectants and chemical stocks soared as investors were anticipating brisk business due to coronavirus outbreak.

Of the issues traded, 60 advanced, 68 declined and 195 remained unchanged on the DSE trading floor due to circuit breaker that introduced during the coronavirus to keep balance the trading floor.

A total number of 28,873 trades were executed in the day’s trading session with trading volume of 43.95 million shares and mutual fund units.

Square Pharma topped the turnover chart with shares worth Tk 196.56 million changing hands, followed by Beximco Pharma, Grameenphone, Orion Pharma and Beximco.

Beximco was the day’s best performer, posting a gain of 10 per cent while AB Bank was the worst loser, losing 10 per cent.

The presence of investors was rather thin in the brokerage houses as many investors were yet to return in Dhaka after a long closure of the market. Besides, many investors were conducting trade through phone.