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Moderate rise in benchmark index

FE Report | September 22, 2021 00:00:00


Dhaka bourse closed the Tuesday's session with a moderate rise in broad index as majority number of listed securities saw price appreciation riding on investors' increased participation.

On the day, most of the major sectors played market supportive role to help the index extending gaining streak for second consecutive session.

Dhaka Stock Exchange (DSE) opened the day's session positively and DSE broad index DSEX displayed almost a flat movement for an hour.

Later, the DSEX showed an upward trend for around two hours following investors' buying spree.

At the end of the session, the DSEX settled at 7258.57 with a rise of 0.73 per cent or 52.74 points.

Most of the large cap companies such as Grameenphone, Renata, Robi Axiata and Walton Hi-Tech Industries having significant influence on index saw price appreciation on Tuesday.

The shariah based index DSES advanced 1.07 per cent or 18.88 points to close at 1586.96.

DS30 index comprising blue chip securities closed at 2685.98 with a rise of 0.92 per cent or 24.56 points.

"Investors' increased participation coupled with growing optimism helped the DSE show a shining session on Tuesday," said a market review of International Leasing Securities.

Of 376 issues traded, 224 advanced, 117 declined and 35 were unchanged on the premier bourse.

The DSE posted a turnover of Tk 19.10 billion which was 8.36 per cent higher than the turnover of previous session.

Of total turnover, Tk 325 million came from transactions executed in block board of the premier bourse.

Of major sectors which saw price appreciation, engineering advanced 1.9 per cent, financial institutions 0.3 per cent, general insurance 0.8 per cent, pharmaceuticals & chemicals 1.0 per cent, telecommunication 0.9 per cent, and textile 1.8 per cent.

Of the sectors which witnessed price correction, IT declined 0.2 per cent, paper & printing 1.0 per cent and tannery 0.2 per cent.

Investors' participation concentrated mostly on textile sector which grabbed 14.6 per cent of market turnover followed by general insurance 12.3 per cent, pharmaceuticals & chemicals 11.3 per cent and engineering 9.3 per cent.

Of the large cap companies which witnessed price appreciation, the share price of Grameenphone advanced 0.87 per cent, British American Tobacco Bangladesh Company 0.82 per cent, Walton Hi-Tech Industries 2.85 per cent, Robi Axiata 0.71 per cent, Square Pharmaceuticals 0.79 per cent and Beximco 0.37 per cent.

Beximco topped the scrip wise turnover chart with a value of Tk 1.44 billion followed by Beximco Pharmaceuticals Tk 924 million, Alif Manufacturing Company Tk 613 million, LafargeHolcim Bangladesh Tk 556 million and SAIF Powertec Tk 475 million.

Pacific Denims was the number one gainer with a rise of 9.87 per cent or Tk 1.5 to close at Tk 16.70 each.

Reliance One: The First Scheme of Reliance Insurance Mutual Fund was the worst loser after declining 6.30 per cent or Tk 0.8 to close at Tk 11.90 each.

CASPI, benchmark index of Chittagong Stock Exchange (CSE), closed at 21240.48 points with a rise of 0.99 per cent or 210.25 points. Of 327 issues traded, 194 advanced, 100 declined and 33 were unchanged and the port-city bourse CSE posted a turnover of Tk 702.85 million on Tuesday.

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