DSE turnover crosses Tk 9.0b mark

FE Online Report | Published: July 05, 2018 16:05:09 | Updated: July 08, 2018 10:50:26


Stocks extended their gaining streak for the second day in a row with turnover on the major bourse crossing Tk 9.0 billion-mark, powered by investors buying spree.

The market started on positive note and the upward trend 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 53.16 points or 1.0 per cent to settle at 5,362.

The two other indices also ended higher. The DS30 index, comprising blue chips, soared 24 points to settle at 1,926 and the DSE Shariah Index advanced nearly 16 points to close at 1,261.

Turnover, the most important indicator of the market, also rose to Tk 9.02 billion, which was nearly 22 per cent higher than the previous session’s Tk 7.41 billion.

Of the traded issues, 192 closed higher, 107 lower and 40 issues remained unchanged on the DSE trading floor.

The newly listed Bashundhara Paper Mills continued to top the turnover chart with 3.21 million shares worth Tk 588 million changing hands, followed by Alif Industries, Fortune Shoes, Ratanpur Steel Re-rolling Mills and United Power.

Shahjibazar Power Company was the day’s highest gainer, posting a gain of 9.97 per cent while the Dulamia Cotton Spinning Mills was the worst loser, losing 9.17 per cent.

The port city bourse also returned to higher with its All Share Price Index–CASPI–soaring 143 points to settle at 16,504 and the Selective Categories Index–CSCX–advancing 90 points to finish at 9,984.

The gainers beat losers as 156 issues closed higher, 71 ended lower and 23 remained unchanged on the CSE.

The port city bourse traded 16.55 million shares and mutual fund units worth more than Tk 1.36 billion in turnover.

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