Business Desk :
The benchmark index of the Dhaka Stock (DSEX) crossed the ‘psychological’ threshold of 6,000-mark on Sunday after nearly 40 months as investors continued to put bets on the stocks amid budgetary expectations.
DSEX, the prime index of the DSE, went up by 22.87 points or 0.38 per cent to settle at 6,008. It was also the highest level of DSEX in nearly 40 months since February 15, 2018, when DSEX was 6,050.
The market capitalisation of Dhaka Stock Exchange (DSE) soared to a fresh all-time high at Tk 5,034 billion on Sunday, surpassing the previous day’s record high of Tk 5,017 billion.
Turnover, a crucial indicator of the market, stood at Tk 21.49 billion, which was 9.25 per cent higher than the previous day’s tally of Tk 23.68 billion.
Experts said the key index of the DSE surpassed the historical 6000-point level as the capital market got back its rhythm riding on various market supportive measures taken by the present stock market regulator.
They opined that lower returns on the money market, liquidity glut in the banking sector, enlistment of some good securities, and proactive regulatory measures, were the reasons behind the present bullish trend in the stock market.
Two other indices also ended higher with the DSE 30 Index, comprising blue chips, rose 18.54 points to finish at 2,208 and the DSE Shariah Index (DSES) advanced 0.86 point to close at 1,285.
Losers, however, took a modest lead over the gainers, as out of 364 issues traded, 174 declined, 144 advanced and 46 remained unchanged on the DSE trading floor. Beximco – the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 1.16 billion changing hands, followed by Pioneer Insurance (Tk 893 million), IFAD Autos (Tk 691 million), AB Bank (Tk 524 million) and Northern General Insurance (Tk 476 million).
