Stocks gain steadily

Indices of the country's two main bourses manifested a higher growth during the first one-and-half-hour trading session today.

According to a brokerage firm review, indices of both stock exchanges steadily moved up today in the first session. The expansionary monetary policy is largely responsible for the boost in market turnover as it is widely expected that risk free rates will go down and money circulation will increase.

Turnover on the Dhaka Stock Exchange (DSE) trading floor leaped by 8 percent to Tk346.72 crore in the corresponding period till 12pm.

Meanwhile, the country's exports witnessed a sharp growth in July amid the corona epidemic. In this regard, investors are more confident to invest their money in the capital market.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), jumped by 20.64 points – or 0.48 percent - to reach at 4,319 till 12:00 pm.

Moreover, the Shariah-based DSES index gained 2.25 points to settle at 1,001 and the blue-chip index DS30 rose by 3.42 points to stand at 1,458.

Out of the 349 issues traded during the same time frame, 163 company's share prices advanced, 101 declined, and 85 remained unchanged.

Meanwhile, in the corresponding period, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) has increased 58.74 points to close at 12,245.