Index and transactions rise in the stock market on Budget day

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Index and transactions rise in the stock market on Budget day

B Mirror Desk


The day of the proposed budget for the new financial year, both indices and transactions saw an increase in the country’s stock market, on Thursday. The Dhaka Stock Exchange (DSE) witnessed a significant rise in transactions, reaching 500 crore taka, alongside an increase in prices. However, more companies found themselves on the price reduction list.

Similarly, the Chittagong Stock Exchange (CSE) also saw an increase in its index, despite most companies being listed under price reductions. The volume of transactions at the CSE, however, decreased.

Earlier, the stock market experienced a drought with continued price declines, causing DSE transactions to drop to 300 crore taka. Although trading exceeded 500 crore taka last Tuesday, it dipped back to 300 crore taka on Wednesday.

Thursday’s trading began with reduced prices for shares and units of most companies, causing an initial drop in the DSE index. However, by the end of the day, several companies had entered the price increase list, resulting in a rise in the index.

At the close of trading, 152 companies on the DSE saw price increases, while 166 experienced declines, and 76 remained unchanged.

The main DSE index, DSEX, rose by 12 points to 5,237 points. The DSE Shariah Index increased by one point to 1,136 points, and the DSE-30 index, consisting of 30 well-selected companies, climbed by 3 points to 1,857 points.

The total transaction value for the day was 542 crore 60 lakh taka, an increase of 161 crore 26 lakh taka from the previous day’s 381 crore 34 lakh taka.

British American Tobacco was the most traded stock with transactions worth 56 crore 50 lakh taka. Meghna Petroleum followed with trades amounting to 40 crore 28 lakh taka, and Unilever Consumer Care secured third place with transactions totaling 20 crore 98 lakh taka.

Other top ten companies in terms of transactions on the DSE included Lovello Ice Cream, Fortune Shoes, Copper Tech, Orion Pharma, Sea Pearl Beach Resort, Rupali Life Insurance, and Asiatic Laboratories.

The CSE overall value index, CASPI, increased by 4 points. Among the 199 companies participating in the market, 68 saw price increases, 103 experienced declines, and 28 remained unchanged. The total transaction value was 14 crore 32 lakh taka, down from the previous day’s 159 crore 65 lakh taka.

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