DSEX crosses 5,600-mark after two months

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), crossed the 5,600-point mark on Thursday, thanks to the confidence of investors riding on the satisfactory earnings declarations by listed companies amid the pandemic.

The index rose 0.3% to reach 5,606 points, while the blue chip index DS30 gained 0.18% to 1,252, and the Shariah index DSES rose 0.24% to 2,137.

The daily turnover of the DSE increased 6.28% to Tk1,486 crore - the highest in the last three months - as the participation of investors increased because of the extension of trading time by one hour.

EBL Securities said in its daily market commentary, "Investors are viewing the stock market as a better investment option, with confidence in the bourse restored, based on satisfactory earnings declarations with fewer cases of Covid-19 infection in the country."

Investors got the highest return of 4.3% from the travel sector followed by the services and textiles sectors, and the insurance sector saw a price correction.

The general insurance sector contributed the highest 22% to the DSE total turnover on Thursday in the sector wise turnover board.

In the scrip wise turnover chart, Beximco Limited secured top position by contributing 7.4% to the total DSE turnover. Orion Pharma was the second highest contributor.

In the top ten gainers' list, Lub-rref Bangladesh and Metro Spinning, both secured top position by gaining 10% each.

Beximco Limited filed an application with the securities regulator to issue a Tk3,000 crore sukuk bond, which will be the largest sukuk issuance in the country's private sector.

Of the 360 securities traded, 180 advanced, 120 declined, and 60 remained unchanged on the DSE trading floor on Thursday.

At the port city bourse, CASPI, the main index of the Chittagong Stock Exchange (CSE), rose by 63 points to reach 16,208.