The Financial Express

DSE, CSE rebound on bank shares, GP

FE Online Desk | Published: December 18, 2017 14:58:55 | Updated: December 20, 2017 12:31:53

Stocks rebound on bank shares, GP

Stocks rebounded Monday, as some investors showed their buying appetite on banking stocks and GP share.

The market returned to positive trend having optimistic support of heavyweight banking and some large-cap issues.

GP was the day's top gainer, followed by Alif manufacturing company, Shahjalal Islami Bank, Square Pharmaceuticals Limited, National Tubes Limited, City Bank and Islami Bank.

The market started the day on positive movement and maintained stable position throughout the session with no sign of reversal.

Finally it ended nearly 11 points higher.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), advanced 11.51 points or 0.18 per to settle at 6,225.

The two other indices also ended higher. The DS30 index comprising blue chips rose 5.25 points or 0.23 per cent to close at 2,244.

The Shariah Index (DSES) gained 0.33 points or 0.02 per cent to finish at 1,373.

Turnover, the crucial indicator of the market, rose about 35 per cent to Tk 4.53 billion on the major bourse, from previous day's Tk 3.38 billion.

However, the losers took a marginal lead over the gainers as out of 265 issues traded, 178 closed lower, 99 closed higher, and 54 remained unchanged on the DSE trading floor.

Chittagong Stock Exchange (CSE) also returned to higher with CSE All Shares Price Index (CAPSI), advancing 31 points to close at 19,272.

The Selective Categories Index - CSCX - also rose 21 points to finish at 11,645.

Losers beat gainers as 120 issues closed lower, 89 ended higher and 28 remained unchanged on the CSE which traded 7.51 million shares and mutual fund units worth more than Tk 233 million in turnover.

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