Business Desk :
The main index of the Dhaka Stock Exchange (DSE) touched 7,000 points after a month thanks to higher investor participation though the Omicron variant of Covid-19 slowly spreads across the country. The DSEX, the benchmark index of the Dhaka bourse, climbed 54 points, or 0.78 per cent, to hit 7,049. This is the highest point the index has reached since November 21, when it stood at 7,085.
“Investors hope that Omicron will not have a devastating impact on economic activities and so, they are buying well-performing stocks,” a stock broker said.
Besides, these stocks are in an especially lucrative position at the moment due to the recent fall of the index but as the key market indicator is rising again, investor confidence has grown.
“So, they are pouring in the funds now,” he added.
Turnover, another important indicator of the stock market, soared to Tk 1,976 crore yesterday, up 32 per cent from Tk 1,487 crore the previous day.
“All the large-cap sectors posted positive performances,” said BRAC EPL Stock Brokerage Ltd in its daily market update.
The fuel and power sector booked the highest gains while the non-bank financial institution, pharmaceutical, engineering, bank, telecommunication, and food and allied followed suit in that order, it added. Power Grid topped the turnover list with trade worth Tk 133 crore followed by Beximco Ltd, Titas Gas Transmission, Fareast Islami Life Insurance, and Bangladesh Submarine Cable Company.
