Stocks soar after Eid vacation

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DHAKA, May 16, 2021 (BSS) –Stocks today soared in the post-Eid session with the benchmark index of the Dhaka Stock Exchange (DSE) crossing the 5,800-mark after four months.

DSEX, the prime index of the DSE, went up by 62.66 points or 1.08 per cent to settle at nearly four months high at 5,813, which is the highest level of DSEX since January 24.

Two other indices also ended higher with the DSE 30 Index, comprising blue chips, advanced 5.78 points to finish at 2,192 and the DSE Shariah Index (DSES) rose 7.64 points to close at 1,282.

Turnover, a crucial indicator of the market, remained satisfactory and amounted to Taka 14.18 billion on the country’s premier bourse, which was 2.41 per cent lower than the previous day’s turnover of Taka 14.53 billion.

Gainers took a strong lead over the losers, as out of 368 issues traded, 231 advanced, 88 declined and 49 issues unchanged on the DSE trading floor.

Beximco continued to dominate the turnover chart with shares worth about Taka 831 million changing hands, followed by SaifPowertec (Taka 422 million), Robi (Taka 318 million), Summit Power (Taka 312 million), and National Feed Mills (Taka 307 million).

The market cap of DSE also rose to Taka 4,930 billion on Sunday, up from Taka 4,899 billion in the previous session.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –soaring 191 points to settle at 16,849 and the Selective Categories Index – CSCX rising 112 points to close at 10,156.

Of the issues traded, 192 advanced, 68 declined and 32 remained unchanged on the CSE.

The port city’s bourse traded 37.52 million shares and mutual fund units with a turnover value of Taka 711 million.