DSE, CSE soar as pre-Eid sale pressure ease

FE Online Report | Published: August 16, 2018 15:22:38 | Updated: August 19, 2018 11:28:14


Stocks ended higher on Thursday as investors showed their buying appetite on large-cap stocks as pre-Eid sale pressure eased.

The investors continued to show buying spree on largest market-cap Grameenphone shares riding on the news of uniform call rate for all the operators coupled with bank stocks amid post-Eid optimism.

Only two trading sessions are left before Eid-ul-Azha vacation.

The market opened on optimistic note and the upbeat note continued till end of the session with no sign of reversal.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 59.28 points or 1.10 per cent to settle at 5,467.

The two other indices ended higher. The DS30 index, comprising blue chips, advanced 14 points to finish at 1,915 points and the DSE Shariah Index gained 4.32 points to close at 1,246.

However, trading activities remained almost same as total turnover on the DSE amounting to Tk Tk 5.81 billion which was Tk 5.80 billion in the previous day.

Of the 340 issues traded on the DSE trading floor, 212 ended higher, 91 closed lower and 37 issues remained unchanged on the DSE trading floor.

BBS Cables continued to top the turnover chart with 2.16 million shares worth Tk 263 million changing hands, closely followed by IFAD Autos, Bashundhara Paper Mills, LankaBangla Finance and Active Fine Chemicals.

The port city bourse CSE also closed higher with its CSE All Share Price Index – CASPI –advancing 235 points to settle at 16,820 and the Selective Categories Index - CSCX – gaining 139 points to finish at 10,184.

The gainers beat losers as 144 issues closed higher, 76 ended lower, with 20 issues remained unchanged on the CSE.

The port city bourse traded 11.51 million shares and mutual fund units worth nearly Tk 256 million in turnover.

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