Dhaka, Bangladesh (BBN)-The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) witnessed steep gain in early hour of trading on Sunday, the first trading session after national budget was unveiled.
Finance Minister AMA Muhith Thursday proposed a set of fiscal measures in the upcoming budget, including corporate tax rate cut on listed companies.
DSEX, the prime index of the DSE, rose 57.85 points or 1.25 per cent to reach at 4,649.28 points, after first 30 minutes of trade, when the report was filed at 11:00am.
The two other indices also saw upward trend.
DS30 index, comprising blue chips, gained 21.57 points or 1.22 per cent to stand at 1,786.75 points.
The DSE Shariah Index (DSES) advanced 12.39 points or 1.10 per cent to stand at 1,129.98 points.
DSE turnover stands at Tk 1.12 billion when the report was filed at 11:00am.
Of the issues traded till then, 175 advanced, 18 declined and 17 issues remained unchanged.
Summit Power was the most traded stocks with shares worth Tk 135 million changing hands followed by KPCL, Beximco, FAR Chemical and BSCCL.
The port city bourse – the CSE – also saw sharp gain in early hour of trading with its Selective Category Index – CSCX – gained 83.35 points to stand at 8,690.51 points, also at 11:00am.
Of the issues traded till then, 83 gained, 10 declined and 7 issues remained unchanged with a turnover value of Tk 85 million.
BBN/BB/AD