** Now we have politics of grave digging ** Bank accounts info sought to intimidate journos ** UK removes BD from travel red list ** A significant portion of the Outer Circular Road at Rajarbagh in the capital has been dug up by the Dhaka South City Corporation for renovations, interrupting the flow of traffic on the busy thoroughfare. This photo was taken on Saturday. ** US Capitol on high alert as pro-Trump demonstrators converge for rally ** Hifazat leader Mufti Rizwan arrested ** Students aged 12-17 to get Pfizer shots ** World leaders descend on New York despite pandemic ** Evaly shuts office, orders staff to work from home ** Errant e-commerce firms to face stern action: DMP ** Four killed as bus rams auto-rickshaw ** DU halls to reopen on October 5 ** Another body found near Cox's Bazar beach ** Daily Covid cases hit 16-week low ** Bangladesh protests Indian claim on continental shelf ** Australian police clash with anti-lockdown protesters ** Keep them free on bail to recover the money defrauded ** Cuba begins vaccinating children against Covid ** A group of merchants and customers stage protest at the Shahbagh intersection in the capital on Friday demanding release of the Evaly's Chairman Shamima Nasrin and Chief Executive Officer (CEO) Mohammad Rassel. ** Evaly couple on 3-day remand ** PM off to USA to join 76th UNGA ** Ban on soybean meal export sought ** Hasina greets Modi on his birthday ** Will Evaly customers get their money back? ** Inconsistence surfaces between FIRs and probe reports **

DSEX hits new high after MPS

03 August 2021

Business Desk :
The key index of the Dhaka Stock Exchange (DSE) reached a new high on Monday as investors showed buying spree after the Bangladesh Bank unveiled another expansionary monetary policy statement.
DSEX, the benchmark index of the DSE, went up by 56.31 points or 0.87 per cent to settle at 6,481, the highest since its inception more than eight years back in 2013.
The blue-chip index DS30, a group of 30 prominent companies, also rose 16.22 points to settle at an all-time high at 2,344, the highest since its inception on January 27, 2013. The DSE Shariah Index also rose 11.10 points to close at 1,412.
The market capitalisation of the DSE also hit a fresh  all-time high at Tk 5,378 billion on Monday, surpassing the previous high of Tk 5,352 billion recorded just two weeks back.
Turnover, another important indicator of the market, jumped to a two-month high at Tk 21.88 billion, which was 44 per cent higher than the previous session's turnover of Tk 15.21 billion.
Market experts said stocks extended their record-breaking rally as investors continued to put fresh bets on
large-cap stocks, anticipating positive momentum in coming days after the Bangladesh Bank unveiled another expansionary monetary policy.
Stocks remained bullish amid growing investors' confidence driven by various market supportive reforms, lower returns from the money market coupled with earnings surprises of some listed firms despite the pandemic, said a top broker.
The stock market regulator took some market supportive measures in the past few months which boosted the investors' confidence and lured them to park fresh funds on stocks, he said.
He noted that mass vaccination roll-out and new stimulus packages for the low-income people helped investors to keep their confidence in the market despite virus worries.
Gainers took a strong lead over the losers, as out of 375 issues traded, 232 ended higher, 109 lower while 25 remained unchanged on the DSE trading floor.

A total number of 335,029 trades were executed in the day's trading session with a trading volume of 764.50 million shares and mutual fund units.
Beximco - the flagship company of Beximco Group-topped the turnover list with shares worth Tk 589 million changing hands, closely followed by Saif Powertec (Tk 581 million), Orion Pharma (Tk 542 million), GPH Ispat (Tk 503 million) and Fu-Wang Ceramic (Tk 399 million).
S Alam Cold Rolled Steels was the day's best performer, posting a gain of 10 per cent while Prime Insurance was the worst loser, losing 9.89 per cent.
The Chittagong Stock Exchange also ended sharply higher with its All Shares Price Index (CASPI)-soaring 223 points to finish at 18,858 while the Selective Categories Index - CSCX rising 128 points to close at 11,318.
Of the issues traded, 231 advanced, 69 declined and 23 issues remained unchanged on the CSE.
The port city bourse traded 33.42 million shares and mutual fund units with a turnover value of Tk 730 million.

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