Monday, June 17, 2019 | ePaper

DSE, CSE extend gains on budgetary hope

  • Print
Economic Reporter :
Stocks extended the gaining on Tuesday, with turnover hitting nearly three- month high, as investors continued to show their buying appetite on large-cap stocks amid budgetary expectations.
Market analysts said stocks kept gaining amid growing confidence of investors ahead of national budget for the (FY) 2019-20.
The market opened on upbeat note and the upward trend sustained until end of the session with no sign of reversal.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settle at 5,475, soaring 44.38 points or 0.81 per cent over the previous session.
Two other indices also closed higher. The DS30 index, comprising blue chips, advanced 20.15 points to finish at 1,921 and the DSE Shariah Index rose 12.51 points to close at 1,244.
Turnover, another important indicator of the market, also rose to three-month high to Tk 578 billion, which was 19 per cent higher than the previous session's turnover of Tk 4.84 billion.
A total number of 143,033 trades were executed in the day's trading session with trading volume of 148.51 million securities.
The market capitalisation of the DSE rose to Tk 4,022 billion on Tuesday, from Tk 3,990 billion in the previous session.
The gainers took a modest lead over the losers as out of 352 issues traded, 224 advanced, 75 declined and 53 issues remained unchanged on the DSE trading floor.
United Power topped the turnover chart with 799,152 shares worth Tk 296 million changing hands.

More News For this Category

Khulna Zone of Islami Bank Bangladesh Limited organizes business development conference of its Rural Development Scheme on Saturday at the zone auditorium. Mohammed Monirul Moula, Additional Managing Director of the bank addressed the conference as chief guest. Presided over by Md. Maksudur Rahman, Senior Vice President and Head of Khulna Zone, the conference was addressed by M. Zubayer Azam Helali, Senior Vice President as special guest. Heads of 20 branches of Khulna Zone along with RDS officials attended the conference.

Khulna Zone of Islami Bank Bangladesh Limited organizes business development conference of its Rural Development Scheme on Saturday at the zone auditorium. Mohammed Monirul Moula, Additional Managing Director of the bank addressed the conference as chief guest. Presided over by Md. Maksudur Rahman, Senior Vice President and Head of Khulna Zone, the conference was addressed by M. Zubayer Azam Helali, Senior Vice President as special guest. Heads of 20 branches of Khulna Zone along with RDS officials attended the conference.

.

Khulna Zone of Islami Bank Bangladesh Limited organizes business development conference of its Rural Development Scheme on Saturday at the zone auditorium. Mohammed Monirul Moula, Additional Managing Director of the bank addressed the conference as chief guest. Presided over by Md. Maksudur Rahman, Senior Vice President and Head of Khulna Zone, the conference was addressed by M. Zubayer Azam Helali, Senior Vice President as special guest. Heads of 20 branches of Khulna Zone along with RDS officials attended the conference.

Khulna Zone of Islami Bank Bangladesh Limited organizes business development conference of its Rural Development Scheme on Saturday at the zone auditorium. Mohammed Monirul Moula, Additional Managing Director of the bank addressed the conference as chief guest. Presided over by Md. Maksudur Rahman, Senior Vice President and Head of Khulna Zone, the conference was addressed by M. Zubayer Azam Helali, Senior Vice President as special guest. Heads of 20 branches of Khulna Zone along with RDS officials attended the conference.

.

Bidi workers held press confce over eight-point demand

Business Desk :Bangladesh BidiSramik Federation on Sunday organized post-budget press conference at National Press Club to press home their eight-point demand that includes reducing bidi prices to Tk 10

Walton registers 77 pc growth in fridge sales

Business Desk :Local electronics manufacturer Walton has registered a 77 percent growth in the sales of its refrigerators and freezers during the months of January to May of 2019

India working to expand bilateral trade with Bangladesh: Sanjeev

BSS, Rangpur :Assistant High Commissioner (AHC) of India Sanjeev Kumar Bhati on Sunday said India would continue to work constructively in expanding bilateral trade and commerce with Bangladesh."The two

BGMEA demands 3 pc cash incentive for RMG sector

Economic Reporter :Bangladesh Garment Manufacturers and Exporters Association (BGMEA) demanded 3.0 per cent cash incentive for the garment sector instead of 1.0 per cent which was proposed in the

Mercantile Bank Limited organizes a press conference on the occasion of its 20th founding anniversary at its head office in the city on Sunday. The Bank's Chairman A.K.M. Shaheed Reza, as the chief guest, highlighted the Bank's significant achievements over the last years and underscored the future action plans.  Md. Quamrul Islam Chowdhury, Managing Director of the Bank presided over the function. The Bank  will celebrate its 20th anniversary at a city five star hotel today (Monday). Fazle Kabir, Governor of Bangladesh Bank will attend the program as chief guest.

Mercantile Bank Limited organizes a press conference on the occasion of its 20th founding anniversary at its head office in the city on Sunday. The Bank's Chairman A.K.M. Shaheed Reza, as the chief guest, highlighted the Bank's significant achievements over the last years and underscored the future action plans. Md. Quamrul Islam Chowdhury, Managing Director of the Bank presided over the function. The Bank will celebrate its 20th anniversary at a city five star hotel today (Monday). Fazle Kabir, Governor of Bangladesh Bank will attend the program as chief guest.

.

UKBCCI team to explore trade, investment opportunities in city

Economic Reporter :A visiting delegation of the UK-Bangladesh trade catalyst had a meeting with Commerce Minister Tipu Munshi MP and officials of the Export Promotion Bureau (EPB) on Sunday

Stocks witness fall on large-cap securities

Economic Reporter :Stocks Sunday closed the session of the week with downward trend due mainly to price fall in large-cap securities. The falling major sectors were financial institutions, food

BGMEA negotiating with govt to draft safe exit policy: Rubana

BGMEA negotiating with govt to draft safe exit policy: Rubana

Al Amin :Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Rubana Huq suggested wants immediate implementation of safe exit policy to remove crisis in the sector.While talking to The