DSE index rises as investors rush to buy stocks

General stock investors in Bangladesh rushed to buy stocks today after the regulator lowered the limit of the circuit breaker to stop the free fall of the index.

The Bangladesh Securities and Exchange Commission (BSEC) reduced the lower limit of the circuit breaker from today so that no stock can fall more than 2 per cent in a day.

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The decision gave confidence to retail investors so the index of the market rose.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 50 points, or 0.81 per cent, to 6,237.

At the DSE, 273 stocks advanced, 61 declined and 40 remained unchanged.

Meanwhile, both the DS30, the blue-chip index, and DSES, shariah-based index, advanced by 19 points and 10 points respectively.

Turnover of the DSE also rose to Tk 539 crore from the previous day’s Tk 513 crore.

Imam Button topped the gainers’ list which rose 9.93 per cent. Emerald Oil, Apex Tannery, Lub-Rref Bangladesh and Libra Infusions are on the list.

Pioneer Insurance shed mostly that dropped 10 per cent. National Life Insurance, Phoenix Insurance, Fareast Finance and Silco Pharmaceuticals are among the other companies in the loser tally.

Beximco Ltd became the most traded stock with shares worth Tk 60 crore changing hands followed by IPDC Finance, Fortune Shoes, Bangladesh Shipping Corporation and BD Finance.

The Chittagong Stock Exchange (CSE) was also in a falling trend. The CASPI, the all share price index of the port city bourse, plummeted 118 points, or 0.65 per cent, to 18,280.

Among the 255 stocks traded, 132 advanced, 88 fell and 35 remained the same.

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