Dhaka, Bangladesh (BBN) – Bangladesh’s stocks gained significantly on Sunday as investors were influenced by the government’s policy support.
The benchmark index of Dhaka Stock Exchange (DSE), DSEX, rose 232.23 points, or 5.59 percent, to 4,382.06 — notching the highest single-day increase since its inception. The new index started its journey from January 27 of 2013.
Since then the premier index rose 155 points, or 3.76 percent, on May 10 of 2015 which was its highest single-day rise.
Of other indices, the DSE Shariah based index DSES advanced 6.09 per cent or 57.29 points to close at 997.58 points.
The DS30 index comprising blue-chips closed at 1487.25 points with a rise of 5.73 per cent or 80.65 points.
The share price of Grameenphone advanced 8.71 per cent, Square Pharmaceuticals 8.69 per cent, Renata 2.63 per cent, British American Tobacco Bangladesh Company 7.50 per cent, and BRAC Bank 3.38 per cent.
The five companies alone added more than 76 points to the DSEX, thanks to their large free-float market capitalisation.
At the end of session, the turnover at the DSE stood at over BDT 4.11 billion, which has been the highest since December 12, 2019.
The highest contribution in turnover came from the engineering sector, followed by pharmaceuticals and banking.
On the other hand, the CASPI, the benchmark index of the Chittagong Stock Exchange, or CSE, followed suit, soaring 5.37 per cent or 677.01 points to close at 13,277.87 points.