DSEX crosses 5,700 mark in three months
Turnover at the DSE rose by 4% to Tk1,403.35 crore on Tuesday
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), extended its bull-run and crossed the 5,700 mark on Tuesday after three months.
The index rose by 213 points or 3.86% in the last five days.
At the end of Tuesday's trading session, it rose by 1.39% to reach 5,724 points. The blue chip index DS30 gained 1.32% to 2,194 points and the Shariah index DSES increased by 0.82% to 1,271.
DSE turnover, an important indicator of the capital market, rose by 4% to Tk1,403.35 crore.
Investors got the highest return of 5.2% from the general insurance sector and 3.3% from banks.
According to the daily market commentary of EBL Securities on Tuesday, investors were interested in the banking sector due to post-dividend price adjustments, as most bank stocks traded at lucrative price levels.
The hyped-up insurance sector also kept investors busy during the buying rush in sectoral stocks, it continued.
As confidence in the market has reached new heights, investors are viewing the stock market as a better investment option rather than keeping deposits in banks, the report added.
The general insurance sector contributed 17.05% to the DSE total turnover.
Investors got their highest gains above 9% from: Dhaka Insurance, Pioneer Insurance, Sonar Bangla Insurance, Rupali Bank, NRBC Bank, Mercantile Insurance, and National Feed Mill Limited.
