• Friday, Apr 03, 2020
  • Last Update : 01:32 am

DSE turnover takes 11-month high jump

  • Published at 10:31 pm February 12th, 2020
web-DSE-File photo of Dhaka Stock Exchange Limited
File photo of Dhaka Stock Exchange Limited Mehedi Hasan/Dhaka Tribune

Bangladesh Bank on Tuesday issued a circular giving permission to all scheduled banks to form a special fund of Tk200 crore each to invest in the capital market

The daily turnover of the country’s prime bourse, Dhaka Stock Exchange (DSE), on Wednesday hit 11-month high as Bangladesh Bank announced a special fund for banks to provide support to the capital market.

The turnover stood at Tk657 crore, climbing further by 30% over previous day’s mark of Tk505 crore. It happens to be the biggest single-day transaction in the last 11 months since March 13, last year, when the turnover totaled a record Tk708 crore. 

Meanwhile, DSEX, key index of DSE, on Wednesdy gained 9.31 points or 0.21% on the day to end at 4,480 points. 

Bangladesh Bank on Tuesday issued a circular giving permission to all scheduled banks to form a special fund of Tk200 crore each to invest in the capital market.

These initiatives opened up an opportunity to bring a fresh investment of Tk12,000 crore from all 60 banks in the country, market operators said.

DSE Shariah index DSES advanced 0.06% to end at 1,030.7 points, while blue-chip index, DS30, went down by 0.08% to close at 1,516.1 points.

EBL Securities in its daily market commentary said that the Investors exerted buying pressure mostly in Financial Institutions, Pharma and Textile sectors. 

The pharmaceuticals sector contributed 16.7% of the total turnover while textile, engineering and power sectors contributed 16.6%, 13.5% and 7.6% respectively, showed the daily market analysis of UCB Capital Management Limited. 

Among the traded issues 160 gained, 146 declined and 49 remained unchanged during the session in Dhaka Stock Exchange.

Shepherd Industries secured the leadership position on the top turnover chart with a turnover of Tk30.8 crore with its share price closing at Tk25.7 per share. 

The port city’s bourse, Chittagong Stock Exchange, registered a modest gain at the end of the session. The selected index, CSCX, and all Share Price Index, CASPI, inched up by 0.6 and 1.2 points respectively.