Bangladesh’s stock market surged 1.6%, led by gains in blue-chip firms like Linde Bangladesh and Renata PLC. The DSEX index rose by 82.75 points to 5,244, its highest single-day increase since April 28. Linde Bangladesh soared 43% to Tk 1,409 after announcing a 1,540% interim dividend for January-October 2023. Renata PLC climbed 7.49% following news of its first drug shipment to the UK.
Investor confidence in MNCs and blue-chip stocks strengthened amid economic challenges and currency depreciation. The DS30 index for blue-chip firms rose 1.7% to 1,875, while the DSES Shariah index increased 2.21% to 1,146. Turnover surged to Tk 452 crore, up 83.79% from the previous session, as investors returned to the market after recent declines. Linde Bangladesh’s dividend announcement, despite lower profits from reduced sales and higher raw material costs due to currency depreciation, highlighted market dynamics.
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