Publish: 20:20, 05 Nov, 2024

DSE turnover hits 2-month high on capital gains tax cut

Online Desk
DSE turnover hits 2-month high on capital gains tax cut

The Dhaka Stock Exchange (DSE) saw a huge 48.5 per cent daily growth in transaction to Tk839.7 crore on Tuesday, as market indices continued their upward trend for the second consecutive day, spurred by favourable regulatory actions.

The turnover was the highest in over two months.

The DSE's main index, DSEX, gained 112.52 points or 2.14 per cent from the previous day to close at 5,365.01, while the DSES Shariah index increased by 29.18 points, reaching 1,191.57. The DS30 blue-chip index also rose by 30.16 points, ending at 1,967.76.

Trading data from DSE highlighted that 30.69 crore shares and units changed hands through 237,234 transactions. Tuesday’s turnover of Tk839.7 crore reflected a sharp rise from Monday's Tk565 crore and Sunday’s Tk431 crore, showing a robust surge in investor participation.

A total of 399 companies engaged in trading on Tuesday, with prices rising for 304 of them, while 65 saw a decline, and 30 remained unchanged.

Square Pharmaceuticals topped the turnover chart with transactions worth Tk33 crore, followed by Acme Laboratories, Linde Bangladesh, Bangladesh Shipping Corporation, and Islami Bank.  

Meanwhile, the Chittagong Stock Exchange (CSE) experienced a modest growth, with its CASPI index climbing 1.99 points to reach 14,876.54. A total of 238 companies traded on the CSE, with 196 advancing, 27 declining, and 15 remaining unchanged.

The transaction volume at the CSE stood at Tk5.99 crore on Tuesday, a slight dip from Tk6.55 crore the previous day. Overall, 30.44 lakh shares and units were traded through 3,442 transactions at the CSE.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –advancing 291.61 points to settle at 14876.55 and the Selective Categories Index – CSCX gaining 180.36 points to close at 9,054.57.

Of the issues traded, 196 advanced, 27 declined and 15 remained unchanged on the CSE.

The port city's bourse traded 3.04 million shares and mutual fund units with a turnover value of Tk59.93 million.

bd-pratidin/GR 

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