DSE transactions hit 9-month high

 
Bangladesh's largest stock market, the Dhaka Stock Exchange (DSE), has seen turnover rise to a nine-month high amid renewed post-Eid buying interest and improved investor participation.

On Wednesday, the exchange recorded Tk 12.79 billion in shares changing hands amid an extended investment drought.

The last time transactions reached this level was on Sept 9, when turnover stood at Tk 14 billion, according to bdnews24.com.
 
The main bourse added 35 points by the end of trading on Wednesday. The increase in trading also raised the share prices of an increased number of companies.

On Tuesday, the main index had closed at 5,406 points. On Wednesday, it closed at 5,441 points after hitting 5,463 points during the day's trading.

Following news of the BNP coming to power following the parliamentary elections in February, more than Tk 12 billion was traded for three consecutive days on Feb 15-17.

The election held on Feb 12 saw the BNP secure an absolute majority and form the government on Feb 17.
After that, DSE trading did not hit the Tk 10 billion mark again until Apr 22. It has meandered since then, with the last time it crossed the mark in May 12.

However, since the end of the Eid holidays, the market has begun to rally once more. On Tuesday, trading hit Tk 10.8 billion.