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DSE turnover increases by 74.25% to Tk667cr

Staff Correspondent
31 Mar 2023 00:00:00 | Update: 31 Mar 2023 00:09:02
DSE turnover increases by 74.25% to Tk667cr

The country’s prime bourse, the Dhaka Stock Exchange’s key index, the DSEX, closed in green on Thursday as investors continued their chase for beaten-down issues with anticipation of quick gains.

The key index rose by 0.16 per cent, gaining 10.05 points and closing at 6,206.80. Turnover increased by 74.25 per cent, to Tk 667 crore. The food & allied sector dominated the turnover chart, covering 14.50 per cent of the total turnover.

The blue-chip index, DS30, rose by 0.11 per cent, and the Shariah-based index, DSES, rose by 0.12 per cent, closing at 2,209.44 and 1,349.33 points, respectively.

The equity indices of the Dhaka bourse extended the positive momentum in the current quarter’s last trading session.

The market started on a positive note, riding on investors’ buying binges of sector-specific scrips since the recent corrections have created lucrative investment opportunities and reduced the risk of significant capital erosion from the current price level owing to floor price restrictions, EBL Securities said in its daily market review on Thursday.

Investors reacted positively to the proposed amendment in the Bank Companies Act excluding bonds and debentures from the banks’ capital market exposure, it said.

However, cautious investors continued the partial liquidation of their portfolio as they perceived it as an opportunity for profit-booking in selective stocks.

Block trades contributed 27.2 per cent to the overall market turnover. Gemini Sea Food Ltd (+8.8 per cent) was the most traded share with a turnover of Tk 47 crore.

Gemini Sea Food made the highest gain with an increase of 8.75 per cent while Prime Islami Life Insurance was the biggest loser, falling by 5.5 per cent.

Out of the 392 issues traded, 79 advanced, 45 declined and 268 remained unchanged at the country’s premier bourse.

The port city bourse, Chittagong Stock Exchange, also settled on red terrain. The selected indices (CSCX) and the All Share Price Index (CASPI) advanced by 6.2 and 10.6 points, respectively.