Weekly market review

Stocks extend rally as major sectors soar

DSEX, DS30, DSE market-cap hit record high


BABUL BARMAN | Published: July 23, 2021 20:40:26


Stocks extend rally as major sectors soar

Stocks closed higher in the shortened week that ended on Monday as investors put fresh bets on major sector issues amid post-Eid expectations.
The week featured only two trading days as the market remained closed on July 20, 21 and 22 due to Eid-ul-Azha, the second largest religious festival of the Muslims.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), surpassed the 6,400-mark in the last trading day before Eid holidays, also for the first time since its inception in 2013.
Week-on-week, DSEX, the prime index of the DSE, went up by 97.69 points or 1.55 per cent to settle the week at an all-time high at 6,405. The core index added 353 points in the five consecutive weeks.
DSEX was introduced in more than eight years back on January 27, 2013, replacing the then key index -- DGEN. However, the all-time high DGEN was 8,918 recorded on December 5, 2010, when the market saw a bull run before a crash.
The blue chip index DS30, which is a group of 30 prominent companies, also rose 47.47 points to settle at an all-time high at 2,322, highest since its inception on January 27, 2013.
The market capitalisation of the DSE also hit a fresh all-time high at Tk 5,351 billion on Monday, surpassing the previous high of Tk 5,323 billion recorded just a day before.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI -soaring 251 points to settle at 18,569 and the Selective Categories Index - CSCX-- rising 157 points to close at 11,147.
Of the issues traded, 201 advanced, 109 declined and 20 remained unchanged on the CSE trading floor.
The port city's bourse traded 55.32 million shares and mutual fund units with turnover value of Tk 1.16 billion.

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