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Trade volume rises sharply at DSE, CSEMonday, December 18, 2017 > 10:47:00
Trade volume at the Dhaka Stock Exchange increased 193.67 percent year-on-year from July to September this year.
During the period, 1,941 crore shares were traded, up from 661 crore shares during the same period a year ago, Bangladesh Bank data showed.
The figure was 74.44 percent higher than the preceding quarter of April to June when 1,113 crore shares changed hands. Total turnover was Tk 60,463 crore in July to September, up 142.90 percent from the same quarter a year ago.
In 2010, Bangladesh Securities and Exchange Commission took a package of reform programme to bring back the confidence of investors to the stockmarket.
As a result, the markets have become stable, said former DSE president Ahsanul Islam Titu yesterday.
He said the government organises 'Investor Day' every year and has launched financial literacy programme to build a strong capital market.
"Due to the government's time-befitting initiatives, the stockmarket is gradually becoming a lucrative position for both local and foreign investors. Now investors are showing keenness to invest in the market," Ahmed Kabir Majumder, managing director of Azam Securities Ltd.
According to BB data, both stock markets exhibited upward trend in terms of index and turnover compared to the previous quarter. The DSEX, the key index of the DSE, increased to 6,092.84 points at the end of September, which was 4,695.19 points in September last year.
At the Chittagong Stock Exchange, 149.55 crore shares were traded from July to September against 50.41 crore shares during the same period the previous year.
All share price index of the CSE stood at 18,881.60 points at the end of September, which was 30.85 percent higher than that of September last year.