DSEX crosses the 6700 mark at the open

FE ONLINE REPORT |
Published:
March 13, 2022 11:22:38

| Update:
Mar 13, 2022 4:20:38 p.m.

The Dhaka Stock Exchange‘s main index broke through the 6,700 mark again in early trading on Sunday, as aggressive investors place new bets on lucrative issues following regulator steps.

Following the previous three-day gain, DSEX, the main index of the Dhaka Stock Exchange (DSE), rose a further 40.43 points or 0.60% to 6,708, after the first hour of trading. negotiation at 11:00 a.m.

Two other indexes also opened higher with the DS30 index, composed of blue chips, which gained 13.52 points to reach 2,438 and the Shariah index (DSES) gained 6.32 points to settle at 1 441.

Turnover, another important market indicator, stood at 2.80 billion taka in the first hour of trading.

Market analysts said the shares opened sharply higher as investors placed new bets on the shares at lucrative prices following regulatory measures.

The Bangladesh Securities Commission (BSEC) lowered the circuit breaker limit to 2.0% from 10% as of Wednesday to halt the freefall in stocks amid the ongoing war between Russia and Ukraine.

Of the issues traded so far, 248 have advanced, 83 have declined and 42 issues have remained unchanged on the DSE floor so far.

BDCOM Online was the most traded stock so far with shares worth Tk 230 changing hands, followed closely by Bangladesh Building Systems, Dragon Sweater, Agni Systems and Beximco.

The Chittagong Stock Exchange also opened slightly higher with its All Stock Price Index (CASPI) – rising 57 to 19,618, while the Selective Categories Index – CSCX gained 33 points to 11 770 at 11:00 a.m.

Of the issues traded so far, 112 advanced, 35 declined and 20 remained unchanged with a turnover of 58 million taka.

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