Dhaka: Stocks in both the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) continued their upward trajectory today, as investors capitalized on the recent capital gain tax cut for individual investors. The rally marks the second consecutive day of gains, driven by bargain hunters eager to invest in appealing stock options.
According to Bangladesh Sangbad Sangstha, the market’s positive momentum was further fueled by the capital gain tax reduction, coupled with strong earnings and dividend declarations from several listed companies. This surge in investor confidence was also supported by the Bangladesh Securities and Exchange Commission’s (BSEC) decision to establish a committee to investigate the causes of the recent market downturn.
The DSEX, which is the primary index of the DSE, climbed by 112.52 points, or 2.14 percent, reaching 5,365.02. Additionally, the DSE 30 Index, which includes blue-chip stocks, rose by 30.17 points to 1,967.76, while the DSE Shariah Index (DSES) increased by 29.18
points, closing at 1,191.58. The turnover, a critical market indicator, rose to Taka 8,397.06 million, up from Taka 5,652.46 million in the previous session.
On the DSE trading floor, out of the 399 issues traded, 304 concluded the day in green, 65 in red, and 30 remained unchanged. SQURPHARMA led the turnover chart, followed by ACMELAB, LINDEBD, BSC, and ISLAMIBANK. FUWANGFOOD emerged as the top performer with a 10 percent gain, whereas LOVELLO recorded the largest loss, declining by 5.13 percent.
Similarly, the CSE ended the day on a high note. The CSE All Share Price Index (CASPI) increased by 291.61 points to 14,876.55, and the Selective Categories Index (CSCX) rose by 180.36 points, closing at 9,054.57. Of the issues traded on the CSE, 196 advanced, 27 declined, and 15 remained unchanged, with a total trading volume of 3.04 million shares and mutual fund units, resulting in a turnover of Taka 59.93 million.