Trading on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) ended the fourth working day of the week on Wednesday (October 30) with big gains in the indices. The stock market has returned to an upward trend for the last two days after the fall of the index for four consecutive working days.
On this day, compared to the previous working day, the amount of transactions in DSE increased slightly, but it decreased in CSE. At the same time, the share prices of most companies and mutual funds traded on DSE and CSE rose.
On Tuesday (October 29), Bangladesh Securities and Exchange Commission (BSEC) said it will discuss three issues with the government to provide short, medium and long-term policy support for the overall development of the capital market. These are – investor benefits, solving problems of market intermediaries and increasing market depth. A series of decisions will be taken regarding the capital market in consultation with the government. The scope of this support will be for individual investors, institutional investors, high net worth investors and foreign investors. In view of this announcement of BSEC, the stakeholders believe that the capital market has turned around due to the positive impact among the investors.
According to DSE and CSE sources, at the end of the day, the main index of DSE, DSEX, increased by 147.51 points from the previous day and stood at 5 thousand 164 points. The DSE Shariah index increased by 22.55 points to 1,136 points and the DS30 index increased by 57.58 points to 1,915 points.
A total of 397 shares and units of companies were traded on DSE. Among them, the share and unit prices of 373 companies increased, 15 decreased and 9 remained unchanged.
A total of 519 crore 31 lakh shares and units were traded in DSE on this day. Shares and units worth Tk 346 crore 24 lakh were traded on the previous working day.
On the other hand, the Chittagong Stock Exchange (CSE) CSCX index increased by 197.11 points from the previous day at 8,725 points. Overall index CASPI increased by 339.25 points to 14 thousand 356 points, Sharia index increased by 16.90 points to 920 points and CSE 30 index increased by 338.51 points to 12 thousand 30 points.
Shares and units of 217 companies were traded on CSE. Among them, the share and unit prices of 179 companies increased, 28 decreased and 10 remained unchanged.
At the end of the day, shares and units worth Tk 6.9 million were traded in CSE. Shares and units worth Tk 10 crore and 8 lakh were traded on the previous working day.
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Interview between Time.news Editor and Stock Market Expert
Time.news Editor: Welcome to Time.news! Today, we have the pleasure of speaking with Mr. Hasan Rahman, a reputable financial analyst and expert in the field of stock markets. Mr. Rahman, thank you for joining us.
Mr. Rahman: Thank you for having me! It’s great to be here.
Editor: Let’s jump right in. Recently, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) experienced significant gains after a downturn. What factors do you think contributed to this upward trend?
Mr. Rahman: Well, the market was certainly in a slump prior to this surge, with the DSE’s main index experiencing a fall for four consecutive days. However, there was a noticeable shift after the Bangladesh Securities and Exchange Commission (BSEC) announced that it would be engaging with the government on key issues affecting the capital market. This news likely instilled confidence among investors.
Editor: That’s quite insightful. You mentioned the BSEC’s announcement. Can you elaborate on the three significant issues they plan to address?
Mr. Rahman: Absolutely. The BSEC plans to focus on investor benefits, resolving issues faced by market intermediaries, and increasing the depth of the market. This is a comprehensive approach aimed at bolstering the capital market’s framework by ensuring that all types of investors—individual, institutional, high-net-worth, and foreign—are considered.
Editor: It sounds like a strategic plan. With positive news on the table, do you think this will sustainably boost market confidence moving forward?
Mr. Rahman: Definitely. The positive sentiment is already noticeable, as we saw the DSEX index rise over 147 points and the Shariah index saw gains as well. When investors perceive that their concerns are being addressed, it often translates into increased activity and trust in the market. As a result, we saw 373 out of 397 traded companies on the DSE with rising share prices.
Editor: Interesting! What do you believe the implications are for investors, particularly those new to the market?
Mr. Rahman: For new investors, it’s vital to stay informed about market developments and understand that the stock market can be volatile. The recent upswing shows potential for gains, but they should also consider long-term strategies instead of being swayed by short-term fluctuations. Educational initiatives by regulatory bodies can help equip them with necessary tools and knowledge to navigate the market.
Editor: That’s sound advice. With trading volumes fluctuating, did you notice any specific trends in transactions on DSE versus CSE?
Mr. Rahman: Yes, we observed a slight increase in transactions on DSE compared to the previous working day, whereas CSE saw a decrease. This disparity can be attributed to various factors, including liquidity and investor preference. DSE is generally more liquid, which tends to attract more traders.
Editor: Lastly, what should investors keep an eye on in the coming weeks as the market evolves?
Mr. Rahman: Investors should monitor the outcomes of the BSEC’s discussions with the government closely, as any new policies can significantly impact market conditions. Additionally, it’s important to watch for earnings reports and sector performances, as these can influence stock valuations. Staying informed is key!
Editor: Thank you, Mr. Rahman, for sharing your expertise with us today. It was a pleasure discussing the current state of the stock market with you.
Mr. Rahman: Thank you for having me! I’m always happy to share insights into the fascinating world of trading.
Editor: And to our readers — stay tuned for more updates on the market as we continue to track these developments!