Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended the gaining streak for the second straight sessions on Monday riding on Bangladesh Bank (BB)’s move to ease liquidity crunch in the capital market.
At the end of the session, DSEX, the prime index of the DSE, went up by 79.26 points or 1.61 per cent to settle at 5000.23.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 23.44 points to finish at 1,789 and the DSE Shariah Index rose 7.97 points to close at 1,158.
The market started on a flying note and remained vibrant throughout the session amid strong buying pressure from the investors, including institutional investors.
DSEX crossed the ‘psychological threshold’ of 5,000-mark again, soaring 79.26 points or 1.61 per cent to settle at 5000.23.
It was the biggest single-day gain in the past two months since July 23, when DSEX surged 2.24 per cent or 111 points.
A leading broker said optimistic investors showed their appetite on sector specific issues amid lucrative price level after recent steep correction.
The non-bank financial institutions booked the highest gain of 3.57 per cent, followed by banking with 3.19 per cent, food 2.12 per cent, engineering 0.96 per cent, telecom 0.59 per cent and pharmaceuticals 0.44 per cent.
Only power sector posted 0.12 per cent loss.
Gainers took a strong lead over the losers as out of 353 issues traded, 282 closed higher, 53 ended lower and 18 remained unchanged on the DSE trading floor.
A total number of 121,841 trades were executed in the day’s trading session with trading volume of 142.97 million shares and mutual fund units.
The market-cap of the DSE also rose to BDT 3,792 billion on Monday, from BDT 3,749 billion in the previous session.
On the other hand, the Chittagong Stock Exchange also ended higher with its All Shares Price Index (CAPSI) — CASPI—soaring 272 points to close at 15,218 and the Selective Categories Index – CSCX –advancing 165 points to finish at 9,241.