DSE sees 30pc rise in turnover

Staff Correspondent

14 September, 2020 12:00 AM printer

DSE sees 30pc rise in turnover

Dhaka Stock Exchange witnessed marginal gain on Sunday with an improved turnover value with over 30 per cent rise from the previous session’s Tk 10.24 billion as optimistic investors continued their appetite on large-cap issues, driven by regulatory moves and resumption of economic activities. 

Turnover stood at Tk 13.29 billion on the country’s premier bourse, climbing further by 30 per cent over the previous day’s turnover of Tk 10.24 billion.

DSEX, the key index of the DSE, went up by 82.76 points or 1.65 percent to settle at 5,094.06.

The DS30 index, comprising blue chips, surged 16.65 points or 0.96 percent to finish at 1,756.89 and the DSE Shariah Index gained 12.13 points or 1.05 percent to close at 1,170.66.

Of the issues traded, 226 advanced, 106 declined and 25 issues remained unchanged on the DSE floor.

A total number of 254,813 trades were executed in the day’s trading session with a trading volume of 531.06 million shares and mutual fund units.

The market-cap on the premier bourse also rose to Tk 3,846 billion on Sunday, from Tk 3,789 billion in the previous session.

The pharmaceuticals sector continued to dominate the turnover chart with Beximco Pharma topped the turnover chart with shares worth Tk 590 million changing hands, followed by Beximco, IFIC Bank, Brac Bank and Orion Pharma.

The City Bank was the day’s best performer, posting a gain of 10 per cent, followed by Tosrifa Industries, Orion Infusion, AB Bank, Far East Knitting & Dyeing Industries, Agrani Insurance Co and Provati Insurance Company.

Hakkani Pulp & Paper was the worst loser, losing 5.99 per cent, followed by Dulamia Cotton Spinning Mills, CAPM BDBL Mutual Fund 01, Anwar Galvanizing, Miracle Industries, Bangas and GPH Ispat.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—soaring 239 points to close at 14,534 and the Selective Categories Index – CSCX rising 133 points to close at 8,736.

Of the issues traded, 177 gained, 85 declined and 25 remained unchanged on the CSE.

The port city bourse traded 24.62 million shares and mutual fund units with turnover value of Tk 480 million.