Beximco's share price increase on the Stock Market news of Vaccine

Beximco’s share price increase on the Stock Market news of Vaccine

Bangladesh Business

The major stock market in the country is the Dhaka Stock Exchange (DSE). The main index DSEX rose 183 points in the first two hours of the first working day of the week on Sunday.

The biggest gainers were Beximco Limited and Beximco Pharma.

Stock market shares of Beximco Limited and Beximco Pharma increase the most on the news of the approval of the Oxford-AstraZeneca vaccine.

Stock market
Stock Market 2021| Picture: Collected

The United Kingdom approved the use of the Oxford-AstraZeneca vaccine last Wednesday. The vaccine was approved by the Indian Drug Administration last Friday.

Earlier, the government entered into an agreement with the Serum Institute of India and Beximco Pharmaceuticals to purchase 30 million doses of the coronavirus vaccine from Oxford-AstraZeneca. So the news of this approval has led to a huge increase in the price of Beximco shares.

On the other hand, Beximco sellers disappeared after the announcement of buying shares of Beximco Power

Bangladesh Export Import Company (Beximco) Limited has decided to buy 35 million shares of Beximco Power Limited.

This information was given by the Dhaka Stock Exchange (DSE) on Sunday based on the information given by Beximco authorities.

With the announcement of this investment,

Beximco’s shares have reached the maximum level of price rise within a few minutes of the start of trading in the stock market today. Even then, sellers disappeared as investors did not want to sell the company’s shares.

 

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