The Dhaka Stock Exchange (DSE) experienced a substantial rise in indices on the second trading day of the week.
At the end of trading on Monday, all three major indices of the Dhaka Stock Exchange (DSE) witnessed gains.
The DSEX, the benchmark index, increased by 50 points to 5,195 points.
The Shariah-based DSES index rose by 15 points, while the DS30, which tracks selected large-cap shares, gained 20 points.
Most companies' shares saw an increase in prices. Out of the traded stocks, 248 companies saw price hikes, 81 experienced declines, and 71 remained unchanged.
The price rise was observed across all categories.
Among ‘A’ category shares, 126 saw gains, 54 declined and 40 remained unchanged.
In the ‘B’ category, prices of 65 companies increased, 11 fell, and 13 remained unchanged. While for the ‘Z’ category, 54 companies registered gains, 15 saw declines and 18 remained stable.
Of the 37 mutual funds traded, most remained unchanged.
However, 12 funds registered price increases while 16 saw declines.
In addition to index growth, trading turnover increased by Tk 58 crore compared to the previous day, marking the highest turnover in eight sessions.
The total turnover in the stock market on Monday amounted to Tk 426.92 crore.
Among traded shares, Midland Bank led the price gainers' list. It was the only bank among the top 10 gainers, with its share price increasing by 10% in a day.
The price of each share rose from Tk 25 to Tk 27.50, reflecting a gain of Tk 2.50 per share.
Other top gainers included Runner Automobiles, JMI Hospital, Monno Ceramics, Summit Alliance Port, Fine Foods, Sonargaon Textile, Kohinoor Chemicals, Confidence Cement and Shahjibazar Power Company Limited, all of which registered significant price increases.
Meanwhile, DSE moved Associate Oxygen Limited from the ‘A’ category to the ‘Z’ category and instructed brokerage houses and merchant banks not to provide margin loans for trading its shares.
On the other hand, CVO Petrochemical Refinery was upgraded from the ‘B’ category to the ‘A’ category following a specific dividend declaration.
After seven years, the company paid its investors a maximum dividend of 10% for the fiscal year 2024.
Acme Laboratories Limited also distributed dividends for the June quarter last year. Investors received a 35% dividend per share, the highest in four years from the company.
Like Dhaka, the Chittagong Stock Exchange (CSE) also experienced an index rise.
The CSCX index climbed by 56 points.
However, the turnover decreased by Tk 68.58 lakh compared to the previous trading day.
On Monday, the CSE recorded a total turnover of Tk 2.58 crore. Among 200 traded companies, 114 saw price increases, 58 experienced declines, and 28 remained unchanged.