Hasina’s government’s downfall is a big laugh in the stock market

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Hasina’s government’s downfall is a big laugh in the stock market

After endless torture, injustice, oppression, and corruption, Sheikh Hasina finally resigned and fled abroad. The country’s stock market laughed big on the first working day of the fall of the Hasina government. On this day, the stock market has shown hope to helpless investors.

The main stock market Dhaka Stock Exchange (DSE) today on Tuesday, the main index increased by more than 197 points. This is the highest rise in the stock market in the last three years. There was a touch of expectation in the transaction that day.

Data analysis shows that the main index of DSE on January 20, 2022, was 7 thousand 105 points. Since then, the stock market has been in steady decline. DSE index decreased by 1 thousand 679 points in 2 years and 7 months in continuous decline. Meanwhile, more than 20 new IPO shares have come to the stock market. which have been added to the capital index.

According to the market participants, the liquidity in the market has decreased due to the crisis, but it has decreased more due to the irregularities and corruption of the regulatory body. The backbone of the stock market has been broken by the robbery of BSEC under the leadership of Professor Shibli Rubaiyat Islam. Market stakeholders have demanded an investigation into the corruption and irregularities of Shibli Rubaiyat and his associates.

Tuesday Market Review

Today Tuesday (06 August) the main index of DSE ‘DSEX’ increased by 197.15 points to 5 thousand 426 points.

Among the other two indices, DSE’s other index ‘DSES’ increased by 32.76 points to 1176 points and the ‘DS-30’ index increased by 75.71 points to 1934 points.

Shares and units worth Tk 749 crore 99 lakh were traded in DSE today. 207 crore 83 lakh taka was traded on the previous working day. Today the trading volume was more than 3 times.

A total of 397 shares and units of companies were exchanged on DSE today. Among the institutions that participated in the transaction, 328 companies increased in price, while 60 companies decreased in price. Besides, the share and unit prices of 9 companies were unchanged.

Sources: DSE.

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