Bangladesh’s stocks index hit fresh high

Last updated: September 17, 2017

BBN file photo

Dhaka, Bangladesh (BBN) - Dhaka Stock Exchange continued to break their previous records, as all three indices and market capitalisation of the prime bourse hit a record high on Sunday.

Analysts said the market maintained the upbeat mood having optimistic support of large-cap stocks, especially banking issues, taking all indices and market cap to record high.

The market opened positive in the morning, but mid-session saw some sale pressure, late hours heavy buying, especially banking stocks helped the market closed higher.

DHAKA STOCK EXCHANGE:

Finally, DSEX, the core index of the DSE, which replaced the DGEN in four-and-a-half-year back, settled at more than 6,240 points, after gaining 36.67 points or 0.59 percent over the previous session.

It was the highest level of DSEX since its inception on January 27, 2013.

The two other indices, the DS30 index and the DSE Shariah Index (DSES) – followed the suit and maintained their record breaking rally, closing at historical high of 2,227 and 1,391 points, after adding 1.43 points and 6.32 points respectively.

The DSE launched the DS30 index on January 27, 2013 with a base point of 1,460.30 while DSE Shariah Index (DSES) was introduced on January 20, 2014 with a base point of 941.27.

Along with indices, the total market capitalisation of the DSE rose to all-time high to BDT 4,142 billion, exceeding the previous high of BDT 4,131 billion recorded on the previous session.

The market activities also rose to BDT 12.08 billion, which was 7.47 percent higher than the previous day’s BDT 11.24 billion.

The loser, however, beat gainers as out of 330 issues traded, 151 closed lower, 138 lower and 41 remained unchanged on the DSE trading floor.

First Security Islami Bank topped the day’s turnover chart with shares of BDT 462 million changing hands, followed by Al-Arafa Islami Bank, LankaBangla Finance, Argon Denims and City Bank.

Rupali Bank was the day’s best performer, posting a gain of 10 percent while Standard Cermaic was the day’s worst loser, plunging by 6.06 percent.

CHITTAGONG STOCK EXCHANGE:

The port city bourse Chittagong Stock Exchange (CSE) also ended higher with its Selective Categories Index – CSCX – gaining 58.50 points to close at 11,708 points.

Losers, however, beat gainers as 116 issues closed lower, 115 higher and 31 remained unchanged on the CSE.

The port city bourse traded 57.33 million shares and mutual fund units worth more than BDT 1.84 billion in turnover.

BBN/SS/ANS

 

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