Bangladesh’s stocks maintain upward trend

Last updated: July 27, 2020

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Dhaka, Bangladesh (BBN)- Bangladesh’s stocks maintained an upward trend on Sunday as the buoyant investors showed their appetite on large-cap issues amid optimism.

The key index of the prime bourse crossed the 4,100-mark on the day after nearly five months.

DSEX, the core index of the Dhaka Stock Exchange, went up by 48.13 points or 1.18 per cent to settle at 4,129 during the four hours trading.

It was the highest level of DSEX since March 12, 2020, although trading was closed for two months (March 26 to May 30) due to government holidays to flatten the spread of deadly Covid-19 virus.

Two other indices also ended higher. The DS30 index, comprising blue chips, rose 23.08 points to finish at 1,397 and the DSE Shariah Index advanced 17.53 points to close at 963.

Turnover, another important indicator of the market, stood at BDT 3.71 billion on the country's prime bourse, which was 42 per cent higher than the previous day's turnover of BDT 2.62 billion.

On the other hand, the Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)-soaring 127 points to close at 11,749 and the Selective Categories Index - CSCX -rising 78 points to finish at 7,122.

Of the issues traded, 75 gained, 29 declined and 98 remained unchanged on the CSE.

The port city bourse traded 2.75 million shares and mutual fund units with turnover value of BDT 78 million.

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