Stocks post gains for third consecutive session
DSEX up 1.05%, touching 5,337 points
Indices of both the stock exchanges posted gains for the third consecutive session on Wednesday, amid the government declared countrywide lockdown to curb the spread of Covid-19 pandemic.
DSEX, the key index of the Dhaka Stock Exchange (DSE), rose 1.05% to reach 5,337 points. The Shariah index, DSES, rose 0.79% to stand at 1,214 points, and the blue-chip index, DS30, rose 1.15% to 2,011 points.
EBL Securities said in its daily market commentary, easing of lockdown worries has prompted investors to take advantage of low-priced stocks.
Earlier, the Bangladesh Securities and Exchange Commission (BSEC) announced a 2-hour trading session during the seven day lockdown. The regulator also increased credit facilities up to 80% of the maximum margin loan limit to boost liquidity support in the market.
Turnover of the DSE rose 15% to Tk582.52 crore.
On Wednesday, the general insurance sector contributed the highest, 27.54% of the DSE total turnover, followed by bank and other sectors.
Seven general insurance companies took place in the top gainers' list of the DSE.
The newly listed company, Index Agro, was the highest gainer with a 50% price gain on its debut trading day.
Investors have taken the highest return of 4.6% from the ceramic sector, followed by non-banking financial institutions, and general insurance.
Of the 344 issues traded at the DSE, 199 advanced, 43 declined, and 102 remained unchanged.
CASPI, the main index at the Chittagong Stock Exchange, also rose 1.13% to 15,434 points.