After the fall of Sheikh Hasina’s government, the country’s stock market is jumping one after another. After the fall of the government, the stock market has already been traded for three working days. The market capitalization of Dhaka Stock Exchange (DSE), the main stock market, increased to over Tk 58,000 crore in these three working days. And the main price index increased by almost 700 points.
After the fall of Hasina’s government, there has been a big rise in the price index and market capitalization of the stock market over the course of a week. Out of the four business days that were traded last week, one business day was traded under the Hasina government. During the remaining three working days of trading, there was no government in the country.
Sheikh Hasina resigned from the post of Prime Minister on Monday (August 5) in the face of the students’ movement. Before that, the stock market was traded on August 4. This was the last transaction of the stock market during the Hasina government. On August 4, DSE’s main price index fell by 104 points. And the market capital decreased by 7 thousand 924 crores.
When the situation around the movement became turbulent, a curfew was imposed in the country and a general holiday was declared for 3 days. However, when the Hasina government fell, all public and private offices were opened again from August 6. As a result, the stock market also started trading. After that, the stock market jumped in the three working days after the transaction.
In these three working days, DSE’s main index rose by 695 points. Among these, the head of the interim government. On Thursday, the day Yunus returned home, DSE’s main index DSEX rose 306 points. DSEX started its journey as the main price index of DSE on 28 January 2013. Since then, the index has never seen such a big rise in one day. In addition to the record jump in the DSEX index, transactions increased to Tk 1,606 crore. And the market capital increased to 58 thousand 469 crore taka.
In this, the majority of companies have written their names in the list of price increase within a week. Over the past week, 339 firms traded on the DSE have been on the bullish list. On the contrary, the price of 11 has decreased. And the price of 47 remains unchanged.
The market capitalization of DSE stood at Tk 7 lakh 3 thousand 913 crore at the end of the last business day of last week with most of the institutions increasing their prices. Which was 6 lakh 53 thousand 368 crore on the last working day of the previous week. That is, the market capitalization of DSE has increased by 50 thousand 545 crores or 7.74 percent during the week.
Meanwhile, DSE’s main price index DSEX increased by 590.87 points or 11.08 percent last week. The DSE-30 index, made up of selected good companies, rose alongside the main price index. This index increased by 231.88 points or 12.20 percent during the last week. And the DSE Shariah index, which consists of companies managed on the basis of Islamic Shariah, increased by 109.53 points or 9.40 percent.
Along with the increase in the price index, the transaction speed also increased. An average of Tk 834 crore 96 lakh was traded on DSE every working day of the week. In the previous week, the average daily transaction was Tk 478 crore 92 lakh. That is, the average transaction per working day has increased by 356 crore 4 lakh taka or 74.34 percent.
Shares of British American Tobacco were the most traded in rupee terms on the DSE during the week. The company’s shares were traded at an average of 34 crore 72 lakh taka per day, which is 4.16 percent of the total trade. Shares of Square Pharmaceuticals in the second position were traded at an average of Tk 28.46 crore per day. City Bank is in the third place with an average transaction of Tk 25 crore 69 lakh per day.
Apart from this, the list of top ten institutions for transactions includes – Unilever Consumer Care, BRAC Bank, Techno Drugs, Uttara Bank, Sea Pearl Beach Resort, Trust Bank and Robi.
Meanwhile, after the fall of the Hasina government. Capital market regulator Bangladesh Securities and Exchange Commission (BSEC) congratulated the interim government headed by Muhammad Yunus. Along with this, the main stock market of the country, Dhaka Stock Exchange, also congratulated the interim government.
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