BSS-34 DSEX crosses 6,000-mark again ahead of the national budget

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BSS-34

STOCK-WEDNESDAY-CLOSE

DSEX crosses 6,000-mark again ahead of the national budget

DHAKA, June 2, 2021 (BSS) – The prime index of the Dhaka Stock
Exchange (DSE) today crossed 6,000-mark again as investors went on
late hours buying spree on financial stocks ahead of the national
budget.

Finance Minister AHM Mustafa Kamal is set to unveil the national
budget for the fiscal year (FY) 2021-2021 tomorrow.

After swung between the red and green several times, DSEX, the prime
index of the DSE, went up by 25.67 points or 0.42 per cent to finally
settle at 6,019. It is the highest level of DSEX in more than three
years since February 15, 2018, when DSEX was 6,050.

Two other indices also edged higher with the DSE 30 Index, comprising
blue chips, advanced 1.69 points to finish at 2,195 and the DSE
Shariah Index (DSES) gained 0.44 points to close at 1,284.

Turnover, a crucial indicator of the market, stood at Taka 22.87
billion, on the country’s premier bourse, climbing further by 20 per
cent over previous day’s mark of Taka 19.03 billion.

Gainers took a modest lead over the losers, as out of the 367 issues
traded, 164 advanced, 146 declined and 57 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 846 million changing
hands, followed by Dutch-Bangla Bank (Tk 696 million), LankaBangla
Finance (Tk 578 million), Global Insurance (Tk 490 million) and Rupali
Insurance (Tk 411 million).

Global Insurance was the day’s top gainer, posting 18.36 per cent gain
following its corporate declaration while Social Islami Bank was the
worst loser, losing 7.53 per cent following its price adjustment after
record date.

The Chittagong Stock Exchange (CSE) also ended marginally higher with
the CSE All Share Price Index – CASPI –gaining 66 points to settle at
17,442 and the Selective Categories Index – CSCX rising 40 points to
close at 10,513.

Of the issues traded, 138 advanced, 121 declined and 41 issues
remained unchanged on the CSE.

The port city’s bourse traded 23.52 million shares and mutual fund
units with turnover value of Tk 613 million.

BSS/KUC/ARS/1906 hrs