DSE important index goes past 5,000 points
The benchmark index of the Dhaka bourse went at night level of 5,000 points yesterday after a lot more than two months riding on more significant demand for shares of banks, non-bank finance institutions and pharmaceuticals.
The DSEX, the benchmark index of Dhaka Stock Exchange, rose 49 points, or 1 %, to 5,024.38 yesterday. It is the highest since September 28.
Normally, banking and NBFI stocks and shares see an upward craze in the month of December mainly because these organizations declare profits and annual dividends in the month immediately after, explained stock investor Abdul Halim.
The stocks are rising following a trend, he said.
As most of the banks' gains are being taken into consideration artificial this year, lenders are moving relatively slower despite the rise in income, he said.
Bangladesh Bank has asked lenders never to consider businesspeople to come to be defaulters if they neglect to repay instalments this year, considering the monetary fallouts of the pandemic.
This curbed provision requirements. Banks in other countries have reserve additional provisioning to safeguard their financial wellness from the potential dangers emerging from the ongoing hardship.
Turnover, another important indicator of the currency markets, increased 2.55 per cent to Tk 843 crore yesterday on the DSE.
Aramit Cement topped the gainers' list yesterday rising 9.92 % followed by Al-haj Textile, Fortune Shoes, Dominage Steel, Dacca Dyeing, Fas Finance, and Silco Pharmaceuticals.
Beximco had its shares traded the most, well worth Tk 52.35 crore, accompanied by Republic Insurance, LankaBangla Finance, Fortune Shoes and Beximco Pharmaceuticals.
Of the full total 354 companies to witness trade, 154 advanced, 120 declined and 80 remained unchanged.
Nitol Insurance shed the most, losing 8.16 per cent yesterday, accompanied by CAPM IBBL Mutual Fund, Prime Insurance, Green Delta Insurance and Provati Insurance.
Chattogram STOCK MARKET also witnessed a soaring trend found in its index.
The CSEX, the prime index of the port city bourse, rose 94.41 points, or 1 %, to 8,681.71 yesterday.
Out of a total of 256 companies' stocks, 135 rose, 76 fell and 45 remained same.
