Dhaka, Bangladesh (BBN)-Bangladesh’s stocks opened with a flying note on Monday following the Bangladesh Bank’s latest move to relax the rules related to banks’ investment.
From January, banks’ capital given to their stock market subsidiaries will not be counted as capital market exposure, the central bank said in a notice on Sunday.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced upward trend.
The key index of Dhaka Stock Exchange (DSE) gained 52.02 points while the port city bourse Chittagong Stock Exchange (CSE) earned 56.78 points after 15 minutes of the day’s trading.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 52.02 points or 1.15 per cent to at 4,563.56 points, when the report was filed at 10:45am.
The DS30 index, comprising blue chips, rose 17.16 points or 1.0 per cent to stand at 1,731.80.
The DSE Shariah Index (DSES) advanced 11.10 points or 1.01 per cent to reach at 1,100.06.
DSE turnover stands at BDT 365 million when the report was filed at 10:45am.
Of the issues traded till then, 179 advanced, 9 declined and 14 issues remained unchanged.
Quasem Drycells was the most traded stocks till then with shares BDT 24 million changing hands followed by Al-Arafa Islami Bank, KDS Accessories, Emerald Oil and Aftab Automobiles.
The port city bourse – the Chittagong Stock Exchange (CSE) also opened higher with its Selective Category Index — CSCX – gaining 56.78 points to stand at 8,441.10, also at 10:45am.
Of the issues traded till then, 69 gained, 5 declined 1 issues remained unchanged with a turnover value of BDT 19 million.