DSE turnover crosses Tk2,700cr-mark after more than 10 years
BI Report || BusinessInsider
The Dhaka Stock Exchange turnover has crossed Tk 2,700 crore-mark on a buying spree for the first time in 10 and a half years.
The black money holders bet on stocks assuming that the opportunity for whitening undisclosed money will expire this month as the government did not mention anything in the new budget, according to stockbrokers.
The turnover stood at over Tk 2,700 crore, which is the highest since December 6, 2010, when it was Tk 2,710 crore.
“The last budget offered the opportunity to whiten the black money with only a 10 percent penalty. But the opportunity was not given in the fiscal year 2021-22,” said a stockbroker.
“As a result, a portion of black money has been invested on stocks jumping at the last chance, contributing to the increase in transactions,” he said.
The benchmark DSEX index rose 31 points or 0.52 percent to 6,055. points. Among other indices, the Shariah Index gained 5 points or 0.44 percent to 1,296 and the DSE-30 Index was up 6 points or 0.3 percent to 2,202.
On the other hand, the overall index of the Chittagong Stock Exchange (CSE) CASPI rose 84.36 points to 17,515.
Beximco was the most traded company on the DSE with Tk155.45 crore traded. It was followed by LankaBangla Finance, National Polymer, National Feed, Pioneer Insurance, Islamic Finance, NRBC Bank, Federal Insurance, Dutch-Bangla Bank and Fortune Shoes.