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Business Insider Bangladesh

Dhaka stocks extend rally

BI Report || BusinessInsider

Published: 20:19, 19 January 2022   Update: 22:04, 19 January 2022
Dhaka stocks extend rally

DSE indices on Wednesday

The Dhaka Stock Exchange ended Wednesday with an increase in all indices and turnover.

After many days Beximco Limited dominated the stock market as it gained over 5 percent and contributed significantly to the index, Dhaka Stock Exchange data shows.

The share price of Beximco Limited increased by Tk 7.6 or 5.27 percent, which contributed over 18 points to the increase of the index on Wednesday.

Until November 2021 share of Beximco Limited was the most-demanded item for investors and its price reached Tk 185 on November 11 last year from less than Tk 20 around 18 months ago.

The benchmark index of DSE, DSEX, increased by over 33 points or 0.47 percent to 7,089.

Among other DSE indices, shariah-based DSES went up by 2.58 points or 0.17 percent, and the blue-chip DSE-30 increased by 18 points or 0.70 percent.

Other than Beximco, the companies with the most-traded shares on the DSE were Fortune Shoes, BSC, Saif Power, ACI, GPH Ispat, Orion Pharma, Fareast Life, Paramount Textile and Power Grid.

Also on the day, another key indicator of the market, the turnover on the DSE was Tk 1735.57 crore, which is Tk 22.7 crore more than the previous session.

Of the shares of 379 companies traded on the day, 170 firms saw a fall in prices, 169 firms witnessed an increase, and 40 remained unchanged.

The Miscellaneous sector had the top position in terms of turnover. The total turnover of the sector was Tk 278.2 crore, which is 16.54 percent of the total turnover.

The Textile sector was at the second highest position of turnover, where traded worth Tk 198.6 crore and Pharmaceuticals and Chemicals sector at third position worth Tk 198.5 crore.

Meanwhile, the overall index CASPI of the Chittagong Stock Exchange (CSE) increased by over 92 points to 20,751 points and securities worth Tk 39.48 crore were traded on the day.

 

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