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Sun, Jan 19, 2020 7:07

Highest rise in Dhaka Stock Exchange

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The country’s premier bourse on Sunday today posted its highest single-day point rise in the history of its new premier index, led by gains across almost all the sectors as investors were fueled by the government’s policy support.

The country’s premier bourse on Sunday on Sunday posted its highest single-day point rise in the history of its new premier index, led by gains across almost all the sectors as investors were fueled by the government’s policy support.

The benchmark index of Dhaka Stock Exchange (DSE), DSEX, rose 232.23 points, or 5.59 percent, to 4,382.06--notching the highest single-day increase since its inception.

The new index started its journey from January 27 of 2013. Since then the premier index rose 155 points, or 3.76 percent, on May 10 of 2015 which was its highest single-day rise.

Market insiders said the index rose due to announcement of policy support from the government and decision to buy shares by state-run banks.

Square Pharmaceuticals’ directors also announced to purchase shares, which impacted investors’ confidence positively, they added.

Turnover, another important indicator of the market, rose by 53.78 percent to Tk 411.36 crore.

Stocks of Grameenphone, British American Tobacco and Square Pharmaceuticals posted highest contribution to the index. These three added 80 points together to the Dhaka Stock Exchange.

However, Tung Hai Knitting and Familytex Bangladesh, two junk stocks, were the top gainer of the DSE. Both stocks rose 10 percent.

 

newsbangladesh.com/nbd