The capital market is waiting for all the worries to turn around

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The capital market is waiting for all the worries to turn around

On the first working day of the year, the negative trend was seen in the two main capital markets of the country on the news of removal of capital gains tax in the budget on Sunday. However, overcoming all fears, the index closed on an upward trend on the third working day of the week. The third working day of the week ended with the index rising. However, the index rose despite the decline in trading on the DSE. While there was selling pressure at the beginning of the day, good fundamentals suddenly turned into buying pressure at the end of the day. This information is known from DSE sources.

Talking to several investors, he said that the capital market is turning around after overcoming all fears. However, the market cannot be called normal if the index does not rise for several consecutive working days. However, they believe that good fundamentals are a good sign for the market.

According to the market analysis, at the end of the day, the DSE Broad Index increased by 11 points from the previous day and stood at 5,340 points. And DSE Shariah index decreased by 2 points to 1 thousand 177 points and DSE 30 index decreased by 5 points to 1 thousand 904 points. Out of 394 companies and mutual funds traded during the day, 213 advanced, 125 declined and 56 remained unchanged. 440 crores 63 lakhs were traded in DSE. Which is 272 crore 5 lakh taka less than the previous working day. 712 crore 68 lakh taka was traded on the previous day.

 

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