Dhaka, Bangladesh (BBN)-The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) continued their upward movement after two hours of trading on Sunday, the opening day of the week.
Budgetary expectations, including possible corporate tax rate cut on listed financial companies in upcoming budget might encourage the investors to take position.
Bangladesh’ National Budget for the Fiscal Year (FY) 2015-16 will be announced on June 4.
After first two hours of day’s trading, DSEX, the prime index of the DSE, went up by 53.54 points or 1.18 per cent to reach at 4,598.24 points, when the report was filing at 12:30pm.
The DS30 index, comprising blue chips gained 25.97 points or 1.50 percent to stand at 1,757.42 points. The DSE Shariah Index (DSES) advanced 14.11 points or 1.29 per cent to stand at 1,113.53 points.
DSE turnover stands at Tk 3.79 billion when the report was filed at 12:30pm.
Of the issues traded till then, 161 advanced, 74 declined and
59 issues remained unchanged.
Beximco Limited was the most traded stocks with shares worth Tk 290 million changing hands followed by RAK Ceramics, SPPCL, ACI Formulations and Summit Power.
The port city bourse – the CSE also saw upward trend with its Selective Category Index – CSCX – rose 86.90 points to stand at 8,669.98 points, also at 12:30pm.
Of the issues traded till then, 113 gained, 60 declined and 21 issues remained unchanged with a turnover value of Tk 306 million.