DSE indices, turnover at four-month high
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
FRIDAY, MAY 20, 2022
FRIDAY, MAY 20, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
DSE indices, turnover at four-month high

Stocks

TBS Report
19 May, 2021, 10:05 pm
Last modified: 19 May, 2021, 10:08 pm

Related News

  • World shares sink after inflation driven retreat on Wall St
  • Desperate sell-off drags DSE index down by one year
  • Paramount Textile stocks fall after DSE publishes wrongful information
  • International Leasing, FAS Finance shares soar after PK Halder’s arrest
  • DSEX drops over 2%

DSE indices, turnover at four-month high

The investors’ increased enthusiasm and participation pushed the daily turnover at the DSE above Tk2,000 crore after four months on Wednesday

TBS Report
19 May, 2021, 10:05 pm
Last modified: 19 May, 2021, 10:08 pm
DSE indices, turnover at four-month high

Stocks at the Dhaka and Chattogram bourses are in a bull run since the beginning of April and major indices almost recovered up to their heights at the beginning of the year.

The investors' increased enthusiasm and participation pushed the daily turnover at the Dhaka Stock Exchange (DSE) above Tk2,000 crore after four months on Wednesday.

Analysts thanked the good news that the government would slash corporate tax for all the production-oriented companies by 250 basis points on top of the better than expected corporate performance of financial scrips.

If finalised, listed companies other than the banks, financial institutions, insurers, telecom operators and tobacco sellers would end up with 22.5% corporate tax instead of the existing rate of 25%.

Corporate tax reduction would yield more earnings per share, expect investors. 

"The rise in the core index was driven by the increase in the bank and NBFI (non-banking financial institution) stocks, as investors have regained their confidence in the ailing financial companies based on earnings surprises," brokerage firm EBL Securities wrote in their daily market commentary. 

DSEX, the broad-based index at the DSE, increased by 43.9 points or 0.75% on Wednesday to close at 5,873 – the highest in the last four months.

Turnover at the premier bourse increased by 22% to nearly Tk2,100 crore.

On the sectoral front, banks contributed a maximum 22.07% of the day's turnover, general insurance followed with 20.12% and miscellaneous with 11.63% turnover contribution at the DSE.

The IT with 4%, the banks with 2.9% and the non-bank financial institutions with 2.6% gain in their respective market capitalisation topped the green list.

On the other hand jute, services and engineering stocks suffered the biggest corrections, but not more than 2% shrink in market capitalisation.

Out of the 364 issues traded at the DSE, 132 advanced, 176 declined, and 56 remained unchanged.

Meanwhile, at the Chittagong Stock Exchange turnover increased to Tk127.6 crore, more than doubled from that in the previous session.

Economy / Top News

Stock / DSE / CSE / Bull Run

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • What needs to be done now?
    What needs to be done now?
  • Bangladesh’s currency has lost value by more than Tk7 against the greenback in only around seven days in the kerb market. Photo: Noor-A-Alam
    Dhaka’s kerb market money exchangers losing out on customers
  • A woman walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, US, 10 May 12018. Photo: REUTERS
    IMF urges Asia to be mindful of spillover risks from tightening

MOST VIEWED

  • Troubled Delta Life’s skyrocketing stock: DSE finds Hero, associates behind
    Troubled Delta Life’s skyrocketing stock: DSE finds Hero, associates behind
  • Representational image. Picture: TBS
    Stocks in free-fall amid inflation worries
  • BSEC cancels pre-opening sessions in bourses
    BSEC cancels pre-opening sessions in bourses
  • Former Indo-Bangla Pharma director to sell off shares in conflict with current board
    Former Indo-Bangla Pharma director to sell off shares in conflict with current board
  • Md. Showkat Ali Chowdhury, Chairman of the Board of Directors of Eastern Bank Ltd.( EBL) presides over the 30th AGM of the Bank held today, May 19.  EBL Directors M. Ghaziul Haque, Mir Nasir Hossain, Salina Ali,  Mufakkharul Islam Khasru, Gazi Md. Shakhawat Hossain, K. J. S Banu, Zara Namreen, Ashiq Imran, Dr. Toufic Ahmad Choudhury, Ruslan Nasir, Ali Reza Iftekhar, Managing Director and CEO and Md. Abdullah Al Mamun, Company Secretary are also seen in the picture. The AGM approved 12.50 per cent cash and 12.50% per cent stock dividend for the shareholders for the year 2021.
    EBL declares 25% dividend for 2021
  • Representational Image. Photo: Collected
    GPH Ispat, Fortune Shoes eye jute industry

Related News

  • World shares sink after inflation driven retreat on Wall St
  • Desperate sell-off drags DSE index down by one year
  • Paramount Textile stocks fall after DSE publishes wrongful information
  • International Leasing, FAS Finance shares soar after PK Halder’s arrest
  • DSEX drops over 2%

Features

Two paddle steamers (orange coloured) and two new steamers are docked at Badamtoli Rocket Ghat on the bank of the River Buriganga in Old Dhaka. The photo was taken recently. Photo: Mumit M

The last water rockets

32m | Features
Bangladesh’s currency has lost value by more than Tk7 against the greenback in only around seven days in the kerb market. Photo: Noor-A-Alam

Dhaka’s kerb market money exchangers losing out on customers

32m | Panorama
Sketch: TBS

'Food inflation is an unavoidable consequence of currency devaluation'

22h | Interviews
The open-browser-tabs question also tells an interviewer how much of an internet native the job applicant might be. Photo: Noor-a-Alam

The best question to ask a job applicant

22h | Pursuit

More Videos from TBS

Putin's strategies to face Nato

Putin's strategies to face Nato

11h | Videos
How many countries have nuclear weapons and how many are there?

How many countries have nuclear weapons and how many are there?

11h | Videos
Dengue fever is rising, so beware

Dengue fever is rising, so beware

11h | Videos
How a university teacher and PHD holder become farmer

How a university teacher and PHD holder become farmer

15h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

3
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

4
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

5
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

6
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab