Economic Reporter :
Stocks extended the gaining Monday, with turnover hitting one month high, as investors continued to show their buying appetite on large-cap stocks amid budgetary expectations.
Market analysts said stocks kept gaining amid investors’ expectations that the upcoming budget would extend incentives to the capital market.
Finance Minister A H M Mustafa Kamal is set to place the national budget for the fiscal year (FY) 2019-20 on Thursday next.
The market opened on upbeat note and the positive trend sustained until end of the session amid modest volatility.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settle at 5,431, gaining 28.62 points or 0.52 per cent over the previous session.
Two other indices also closed higher. The DS30 index, comprising blue chips, advanced 12.63 points to finish at 1,901 and the DSE Shariah Index gained 11.94 points to close at 1,232. Turnover, another important indicator of the market, also rose to one month high to Tk 4.84 billion, which was 59 per cent higher than the previous session’s turnover of Tk 3.04 billion.
A total number of 119,481 trades were executed in the day’s trading session with trading volume of 131.13 million securities.
Stocks extended the gaining Monday, with turnover hitting one month high, as investors continued to show their buying appetite on large-cap stocks amid budgetary expectations.
Market analysts said stocks kept gaining amid investors’ expectations that the upcoming budget would extend incentives to the capital market.
Finance Minister A H M Mustafa Kamal is set to place the national budget for the fiscal year (FY) 2019-20 on Thursday next.
The market opened on upbeat note and the positive trend sustained until end of the session amid modest volatility.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settle at 5,431, gaining 28.62 points or 0.52 per cent over the previous session.
Two other indices also closed higher. The DS30 index, comprising blue chips, advanced 12.63 points to finish at 1,901 and the DSE Shariah Index gained 11.94 points to close at 1,232. Turnover, another important indicator of the market, also rose to one month high to Tk 4.84 billion, which was 59 per cent higher than the previous session’s turnover of Tk 3.04 billion.
A total number of 119,481 trades were executed in the day’s trading session with trading volume of 131.13 million securities.
