Big stock market rally, highest index in 18 months



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On the last business day of the week, Thursday (Dec 24), the main Dhaka Stock Exchange (DSE) and the other Chittagong Stock Exchange (CSE) stock exchange, all price indices have risen sharply . As a result, DSE’s main price index has risen to its highest level in 18 months.

Along with the large rise in the price index, the shares and unit prices of most companies in both markets have also risen. At the same time, a large number of transactions have been made in DSE. After more than four months, more than Tk 1,400 crore have been traded on the DSE.

At the beginning of the day, there is a hint of an uptrend in the stock market. DSE’s main index rose 42 points in the first hour of trading as shares and units of most companies rose.

The upward trend of the index towards the end of the transaction is further reinforced. As a result, at the end of the trading day, DSE’s main price index, DSEX, rose 65 points to 5,217 points. With this, after August 25, 2019, the index rose to the highest position.

Among the other two DSE indices, DSE Shariah is up 18 points to 1,203 points. And DSE-30 has risen 40 points to 1,006 points compared to the previous day.

On the day of the price index rise, 206 companies were listed on the DSE. On the other hand, 84 prices have been reduced and 8 prices have remained unchanged.

One thousand 405 crore 8 lakh rupees have been traded on the market. On the previous business day, the transaction was for 1,245 crore 8 lakh rupees. As a result, the transaction has increased by Tk 159.61 crore compared to the previous day. Today is the highest transaction in the DSE since August 18 of this year.

Beximco shares have been the most traded on the DSE in terms of money on the day of this large transaction. 98.63 million shares of the company have been traded. IFIC Bank, which ranks second, had a turnover of Tk 85.53 crore. Beximco Pharma ranks third with a turnover of Tk 79.43 crore.

Additionally, Lafarge Holcim, Bangladesh Submarine Cables, LankaBangla, Finance, Orion Pharma, Republic Insurance, Orion Pharma, Fortune Shoes, BD Finance and Rupali Insurance are on the top 10 list of companies in the transaction.

On the other hand, the general CASPI price index of the Chittagong Stock Exchange has increased by 244 points. The market turnover was 63 crore 12 lakh rupees. Of the 281 companies that participated in the transaction, 156 saw their prices rise. On the other hand, the prices of 59 shares fell and the prices of 54 shares were unchanged.

MAS / SJ / MS

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