DSEX rises for fourth consecutive day

DSEX, the broad-based index of the Dhaka Stock Exchange, rose for a fourth consecutive day, starting with a peak of 4,949 points in the first hour and closing at 4,879 points on Monday's trading session.

According to the daily market review by EBL Securities, the capital market of the country opened on a cheerful note, with DSEX crossing the psychological 4,900-mark. 

"But the core index lost its shine gradually till the closure of the session to settle the index with a mere 0.12 percent or 5.97 points gain as investors opted for profit booking on selective stocks." 

Meanwhile, the private sector credit growth saw a significant improvement which stood at 9.20 percent in July, representing an indication of a steady resumption of business following the reopening of factories in May, the review added.

However, the port city's bourse Chittagong Stock Exchange registered a mere flat session at the end. The selected index, CSCX, increased 15.73 points and CASPI rose 35 points.

The investors remained cheerful throughout the session and consequently turnover on the Dhaka Stock Exchange trading floor increased by 29 percent to Tk1,166.77 crore.

However, investors' attention was mostly concentrated on pharmaceuticals which contributed the highest 32.9 percent to the total turnover. The sector witnessed a 0.5 percent loss in its market capitalisation on Monday. 

Meanwhile, the banking sector posted a negative return of 0.4 percent.

Beximco Pharma and Beximco Limited secured spots among Monday's turnover leaders, with the latter continuing its promising growth. 

The general insurance sector gained a massive 3.7 percent.

The paper and non-banking financial institution sector witnessed a massive 2.7 percent and 2.5 percent fall, respectively, in market capitalisation.