DSE index crosses 7,000 points -- highest ever

The Dhaka bourse soared to a new height today when its index crossed 7,000 points.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), skyrocketed 71 points, or 1.02 per cent, to 7,052 -- the highest level since its inception in 2013.

On the same day, DS-30, the blue-chip stock index, rose 37 points and crossed 2,533 points.

Optimistic investors hope the market will soar further so they are pouring money, said a market analyst.

So, the index has been rising almost every day in the last few months, he said.

Low return against bank deposits also encouraged them to buy stocks, he added.

Turnover, an important indicator of the market, hit Tk 2,868 crore, up from Tk 2,474 a day earlier.

At the DSE, 208 stocks advanced, 130 fell and 37 remained unchanged.

Bangladesh Monospool Paper and Packaging topped the gainers' list that rose 10 per cent followed by ADN Telecom, Apex Spinning, Samata Leather, and Paper Processing and Packaging Ltd.

SEML FBLSL Growth Fund shed the most with a 9.84 per cent fall followed by SEML Lecture Mutual Fund, SEML IBBL Shariah Fund and Fareast Islami Life Insurance.

Beximco became the most traded stock with shares worth Tk 183 crore changing hands followed by LafargeHolcim Bangladesh, Beximco Pharmaceuticals, LankaBangla Finance, and Doreen Power.

The Chittagong Stock Exchange also rose today. The CASPI, the general index of the port city bourse, edged up 234 points, or 1.15 per cent, to 20,563.

Among the traded 327 stocks, 198 rose, 100 fell and 28 remained unchanged.