DSE key index surges 665 points in Aug
FE REPORT | Tuesday, 1 September 2020
The core index of the Dhaka Stock Exchange (DSE) soared 665 points or 15.77 per cent in August riding on active participation of high net worth individuals.
The market witnessed rallies in recent days riding on the regulatory steps to ensure accountability of the market stakeholders, according to market insiders and experts.
The DSEX, the key index of the DSE, went up by 5.97 points or 0.12 per cent on Monday to settle at 4,879, extending the gaining streak for fourth straight session.
The month of August witnessed 19 trading sessions. Of them, only two sessions faced correction while 17 sessions ended higher.
The DSEX surged a cumulative 665 points or 15.77 per cent month-on-month in August. The DSE market-cap recovered Tk 441 billion during the month under review.
Daily trade turnover on DSE also scaled Tk 10-billion-mark in nine trading sessions out of 19 trading sessions in August.
Market analysts said factors like lower returns on the money market, lucrative price level of listed securities and strong regulatory actions against wrongdoers helped buoy the market.
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