BSS
  30 Oct 2024, 16:12

Stocks extend rally for 2nd day owing to govt moves

DHAKA, Oct 30, 2024 (BSS) - Country's both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today also witnessed an upward trend like previous day following the government’s recent moves to restore investor confidence.

As part of govt moves, the Bangladesh Securities and Exchange Commission (BSEC) has formed a four-member inquiry committee to investigate the reasons behind the recent downward trend in the market, which appears unusual and suspicious.

Moreover, the BSEC has also been holding meetings with stakeholders and other parties concerned to find out what can be done to develop the country's capital market.

DSEX, the prime index of the DSE, went up by 147.51 points or 2.94 per cent to settle at 5164.84. The DSE 30 Index, comprising blue chips, and the DSE Shariah Index (DSES) also gained 57.58 points to finish at 1915.86 and 22.55 points closing at 1,136.21.

Turnover, a crucial indicator of the market, increased to Taka 5,193.13 million on the country's premier bourse which was Taka 3,465.86 million at the previous session of the week.

Out of 397 issues traded, 373 closed green, 15 in the red and 9 remained unchanged on the DSE trading floor.

BRACBANK topped the turnover chart, followed by ASIATICLAB, FEKDIL, BATBC and MIDLANDBNK.
 
CENTRALINS was the day's best performer, posting a gain of 10 per cent while MIDLANDBNK was the worst loser, losing 7.92 percent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI -advancing 330.27 points to settle at 14347.78 and the Selective Categories Index - CSCX gaining 192.83 points to close at 8720.77.

Of the issues traded, 175 advanced, 29 declined and 13 remained unchanged on the CSE.

The port city's bourse traded 2.58 million shares and mutual fund units with a turnover value of Taka 69.03 million.