Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed marginally higher Sunday, the first session after the announcement of budget.
Finance Minister AMA Muhith Thursday proposed a set of fiscal measures for the upcoming budget for the capital market including corporate tax rate cut on listed companies.
The prime index of the Dhaka Stock Exchange (DSE), rose around 75 points with the opening bell, but started to fall immediately.
At the end of the session, DSEX ended at 4,617.70 points, gaining 26.27 points or 0.57 per cent.
The two other indices also ended in positive.
The DS30 index, comprising blue chips, gained 10.50 points or 0.59 per cent to close at 1,775.68 points.
The DSE Shariah Index – DSES— gained 3.78 points or 0.33 per cent to end at 1,121.37 points.
Turnover, the most important indicator of the market, rose 30 per cent to Tk 6.48 billion over the previous session’s Tk 4.99 billion.
A total of 312 issues traded on the day.
Of which, 146 closed in the green, 117 in red and 49 remained unchanged on the DSE trading floor.
Summit Power was the day’s top turnover leader with shares worth Tk 512.33 million changing hands followed by Beximco, KPCL, Beximco Pharma and BSCCL.
Pioneer Insurance was also the day’s top gainer, posting a rise of 9.96 per cent while Meghna Pet was the worst loser, plunging by 6.66 per cent.
The port city bourse, Chittagong Stock Exchange (CSE), also closed marginally higher with its Selective Categories Index – CSCX – gained 22.78 points to close at 8,629.94 points.
Gainers beat losers 116 to 98, with 29 issues remaining unchanged at the port city bourse that traded 21.85 million shares and mutual fund units, turnover value of Tk 761.50 million.