The stock market of Bangladesh remained in the black yesterday, the first trading day after Finance Minister AHM Mustafa Kamal proposed the national budget for fiscal year 2023-24 on June 1.
The age-old trend of junk stocks gaining value despite having no reason to advance has returned just when major indices of Bangladesh’s stock market are starting to rise.
The key index of the Dhaka Stock Exchange (DSE) snapped its three-day rising streak yesterday as most shares either declined or did not see any change.Â
Turnover of the Dhaka Stock Exchange (DSE) yesterday rose by more than 26 per cent from the previous session to reach near Tk 1,000 crore thanks to increased investor participation amid a rising trend in the benchmark index.
Major indices of the Dhaka Stock Exchange (DSE) witnessed a rising trend over the past week with its daily average turnover also gaining despite the lacklustre performance of bank stocks.