Turnover on Bangladesh's Dhaka Stock Exchange crossed 9.00 billion taka mark for the first time on June 30, a day after a hoax bomb threat that halted trading in the country's main bourse for nearly an hour on June 29.
The total turnover surged to over 9.42 billion taka (about 134.60 million U.S. dollars) on Tuesday breaking the previous record of 8.35 billion taka (about 119.24 million U.S. dollars) on June 21.
Transactions have been boosted due to outcome of the government's decision to let undisclosed money pour into the capital market, spokesman of the Dhaka Stock Exchange (DSE) Bazlur Rahman said.
The South Asian country's parliament on Tuesday passed the national budget for the next 2009-10 fiscal year (July 2009-June 2010) keeping provision to allow investment of undisclosed money in the capital market.
"It's a positive sign that investment boosted despite the bomb threat on Monday," Rahman said.
The DSE authorities halted transactions at around 1:15 p.m. local time on Monday, nearly one hour before the scheduled time 2 p.m. following the bomb threat which later on proved to be false.
Yaweer Sayeed, a capital market analyst, said institutional investors have to trade a lot on Tuesday, the last day of the current financial year, due to balancing their portfolio, which also contributed to the record.
However, Dhaka Stock Exchange All Shares Price Index (DSI), the benchmark index, closed at 2,520.15 points on Tuesday, up 50.91 points or 2.06 percent from Monday's finish.
Of the total 253 issues traded, 179 registered gains while 68 incurred losses and 6 remained unchanged. The total turnover surged to its new height on Tuesday from 6.86 billion taka (about 97.37 million U.S. dollars) on June 29.
Source:Xinhua
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