DSE, CSE indices rise as trading volume surges
The main capital markets of the country, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), saw all their indices rise on Tuesday, September 5, with trading volume also increasing in both markets.
On the DSE, the benchmark index DSEX rose 9.16 points to close at 6,316.98 points. The DS-30 index, which tracks the 30 largest companies on the DSE, rose 0.71 points to close at 2,144.20 points. And the DSES index, which tracks the 100 largest companies on the DSE, rose 0.05 points to close at 1,372.17 points.
The trading volume on the DSE also surged to Tk 734.30 crore, the highest in 1 month and 13 days.
On the CSE, the overall index CASPI rose 35.39 points to close at 18,666.98 points. The CSCX index, which tracks the 25 largest companies on the CSE, rose 20.16 points to close at 11,159.54 points. And the CSE-50 index, which tracks the 50 largest companies on the CSE, rose 0.43 points to close at 1,309.01 points.
The trading volume on the CSE also increased to Tk 533.15 crore, up from Tk 13.11 crore on the previous day.
The rise in the indices was driven by buying interest in a number of blue-chip stocks. Fu-Wang Foods topped the transaction list with shares worth Tk 37.43 crore changing hands. Other top gainers included Asia Pacific General Insurance, Crystal Insurance, Eastern Housing, Unique Hotels and Resorts, Sea Pearl, Continental Insurance, Yakin Polymer, Miracle Industries, and Rupali Life Insurance.
Analysts said the positive sentiment in the market was due to a number of factors, including the government’s recent measures to boost the economy, as well as expectations of a good corporate earnings season. They said the market is likely to remain positive in the near term.
