DSE prime index exceeds 6000-mark

Staff Correspondent

31 May, 2021 12:00 AM printer

The benchmark index of the Dhaka Stock (DSEX) crossed the ‘psychological’ threshold of 6,000-mark on Sunday after nearly 40 months as investors continued to put bets on the stocks amid budgetary expectations.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 22.88 points or 0.38 per cent to settle at 6,008.

The DSE Shariah Index (DSES) saw a gain of 0.87 points or 0.07 per cent to close at 1285 and the DSE 30 Index, comprising blue chips, surged 18.55 points or 0.85 per cent to finish at 2,208.

Turnover, a crucial indicator of the market, stood at Tk 21.49 billion on the country’s premier bourse, dropping by 9.27 per cent over the previous day’s mark of Tk 23.69 billion.

Gainers took a modest lead over the losers, as out of 364 issues traded, 144 advanced, 174 declined and 46 remained unchanged on the DSE trading floor.

A total number of 297,983 trades were executed in the day’s trading session with a trading volume of 798.66 million shares and mutual fund units.

The market cap of DSE also rose to Tk 5,035 billion on Sunday, up from Tk 5,027 billion in the previous session.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 1.17 billion changing hands, followed by Pioneer Insurance Company (Tk 893 million), IFAD Autos (Tk 691 million), AB Bank (Tk 524 million), Northern Islami Insurance (Tk 476 million) and GSP Finance Company (Bangladesh)  (Tk 374 million).

Dutch-Bangla Bank was the day’s top gainer hitting the upper limit circuit breaker with a 10 per cent rise, while Delta Spinners was the worst loser, losing 9.35 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –gaining 31 points to settle at 17,379 and the Selective Categories Index – CSCX rising 18 points to close at 10,472.

Of the issues traded, 121 advanced, 143 declined and 39 issues remained unchanged on the CSE.

The port city’s bourse traded 36.07 million shares and mutual fund units with a turnover value of Tk 1.09 billion.