DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), has continued to gain for 11 consecutive sessions, ending at 4,545 points with 180 points or 4.13% gain on Sunday. The upward rally continued as investors went on a buying spree, feeling optimistic about the expansionary monetary policy for FY21 unveiled last week as they thought it would increase cash flow into the market. With the gain in key indices, the prime bourse witnessed sharp gains in turnover. Daily turnover in the Dhaka Stock Exchange crossed the Tk1100 crore-mark. On Sunday, daily turnover in the DSE stood at Tk1,128 crore. The figure had been Tk837 crore in the previous session. Among the traded issues, 293 gained, 42 declined and 20 remained unchanged during trading. Investors continued their buying binge on large-cap along with insurance and financial scripts as the economy is opening up gradually. This encouraged the investors to take positions on sector-specific stocks, said stock analysts. On the other hand, the expansionary monetary policy boosted investors’ confidence, which is thought to increase cash flow in the market, they added. On July 29, the Bangladesh Bank unveiled the monetary policy for FY 2020-2021, bringing down the bank rate to 4% from 5% and repo rate from 5.25% to 4.75% to make funds available for banks at a cheaper rate. Meanwhile, the port city’s bourse, Chittagong Stock Exchange (CSE), also registered an upward trend at the end of the session.
