DSE core index hits nearly one-year high

Stocks extended the gaining streak for the fifth straight session on Tuesday as investors continued their buying binge buoyed by the regulatory moves and gradual improvement of economic activities.

DSEX, the core index of the Dhaka Stock Exchange, went up by 19.14 points or 0.38 per cent to settle at 4,978, the highest in nearly one year since September 23, 2019 when the core index was 5,000.

The DSEX added more than 116 points in the past five consecutive sessions.

Market operators said the regulator's recent disciplinary and market development measures and gradual improvement of economic activities played a major role in growing the investors' confidence in the market.

Two other indices also closed higher. The DS30 index, comprising blue chips, advanced 10.32 points to finish at 1,734 and the DSE Shariah Index gained 7.52 points to close at 1,150.

Turnover, a crucial indicator of the market, crossed Tk 11.0 billion-mark once again and amounted to Tk11.90 billion, which was 22 per cent higher than the previous day's turnover of Tk9.76 billion.

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