DSE turnover hits 1yr high, indices up by 169 points

The turnover on the Dhaka Stock Exchange (DSE) witnessed one year high and indices of the country's prime bourse also saw massive rise on Sunday.

Positive trend was seen in the share markets for four consecutive trading days after Bangladesh Bank (BB) allowed the banks to form a Tk 200 crore special fund each by taking low-interest loans from the central bank for stock markets investment.   

On the first trading day, turnover, an important indicator, stood at Tk 916.25 crore on the DSE. It was the biggest single-day transaction in a year since February 14, last year when there was Tk 932.37 crore transaction. 

DSEX, the prime index of the DSE, increased 169 points or 3.71 per cent to 4,734 points. 

This was the second highest rise of indices since launch of DSEX at DSE on January 27, 2013. Earlier, the index gained by 232 points in a single day on January 19 this year.

Today DSE Shariah Index (DSES) reached 1,075 points increasing 29 points while the DS30 index went up by 55 points to stand at 1,592 points.

Chittagong Stock Exchange or CSE's index CSCX ended the day with upward trend. The index saw 533 points gain.

Amid continuous fall in share markets, the central bank on February 10 gave a chance to the banks for forming a Tk 200 crore special fund to invest in the markets. 

According to the direction, the banks can collect money of the fund from BB at 5 per cent interest for five year, and these can disburse loan from the same fund at highest 7 per cent interest. 

Central bank's this move helped the investors to put fresh stakes and as a result, stock markets started seeing positive note that continued for four consecutive trading days.