News Flash
DHAKA, Dec 06, 2024 (BSS) - The benchmark index of the capital bourse managed to settle in the positive territory last week as the news of the revising down of the interest rate on the Taka 30 billion sovereign-guaranteed loan to ICB slightly shifted the investors' market sentiment to positivity, which created an opportunity for bargain hunters to secure short-term gains amidst political and macroeconomic instability.
The market continued to remain volatile throughout the week as buyers and sellers were active on both sides of the trading fence to grab the realm of the market momentum.
DSEX, the broad index of the Dhaka Stock Exchange (DSE), inched up by 4.2 points, or 0.1 percent, to settle at 5,197 points.
Investors participation in the market also increased by 16.5 percent to Taka 4,443 million as compared to Taka 3,813 million in the previous week.
Investors were mostly active in Bank sector (14.0 percent), followed by Pharma sector (13.7 percent) and Textile sector (11.6 percent).
Sectors mostly ended in mixed with Paper sector (4.9 percent) being the highest gainer, while Jute sector (-2.7 percent) being the biggest loser.
MS Safiul Alam, an investor, welcomed the government efforts saying if the government continues the policy supports, it will increase the confidence of investors.
The Chittagong Stock Exchange (CSE) also witnessed higher with the CSE All Share Price Index - CASPI -advancing around 49 points to settle at 14,581.