Turnover, another important indicator of the market, rose 3.8 per cent to Tk 1,403 crore.
At the DSE, 218 stocks advanced, 71 fell and 73 remained unchanged.
Dhaka Insurance topped the gainers list that rose 9.92 per cent followed by Metro Spinning, Pioneer Insurance, Sonar Bangla Insurance and Rupali Bank.
Stocks of Beximco Ltd became the top traded stock with shares worth Tk 120 crore changing hands followed by Brac Bank, National Feed Mills, British American Tobacco, Robi Axiata, and Square Pharmaceuticals.
Shyampur Sugar Mills shed the most that lost 5 per cent followed by Pubali Bank, Appollo Ispat, Familytex Bangladesh, and Sunlife Insurance.
Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.
DSEX crosses 5,700-mark ahead of Eid holiday
328
DHAKA, May 11, 2021 (BSS) – DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), crossed the 5,700-mark ahead of the Eid holiday.
DSEX, the prime index of the DSE, jumped 78.67 points or 1.39 per cent to settle at 5,724. It has been three and a half months high since January 28.
Two other indices also ended higher with the DSE 30 Index, comprising blue chips, advanced 28.76 points to finish at 2,194 and the DSE Shariah Index (DSES) rose 10.41 points to close at 1,271.
Turnover, a crucial indicator of the market, also soared to Tk 14.03 billion on the country’s premier bourse, in a further buck by 3.78 per cent over the previous day’s tally of Tk 13.52 billion.
Dhaka stocks hit three-month high
Stock investors are seen looking at a screen showing prices of different shares, at a brokerage house in Dhaka. Photo: Star/File
Star Business Report
Star Business Report
The benchmark index of the Dhaka bourse hits three-month high today thanks to the increased participation of high net-worth investors.
The DSEX, the main index of the Dhaka Stock Exchange (DSE), rose 39 points, or 0.70 per cent, to stand at 5,645.69.
The index ended the day at 5,646 on last February 4, according to data from the premier bourse.
Big investors are pouring funds in the market, which is helping the index to maintain a rising trend, said market analysts.
Stocks continued to rise for the last two consecutive days thanks to the higher participation of buoyant investors today. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged 53.4 points, or 0.96 per cent, to stand at 5,588.83. Investors are hopeful about the market as stocks have been in a rising trend for the last few days, said a merchant banker.
Investors are pouring money into stocks pinning hopes on the higher profit declarations by the listed companies for the latest quarter. As a result, index and turnover both are rising. Turnover at the Dhaka Stock Exchange (DSE) crossed Tk 1,400 crore yesterday for the first time in the last three months. The important indicator of the stock market rose 19 per cent from the