The Financial Express

Stocks end higher as bank shares lead gains

FE Online Desk | Published: December 26, 2017 14:47:18 | Updated: December 27, 2017 14:50:42

Banks lead DSE, CSE higher

Banking stocks helped to manage the bourses of the country ended on a positive note on Tuesday in cautious trading ahead of year-ending.

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note but ended of the session nearly flat to higher.

Finally the key index of the country’s prime bourse managed to rise about 8 points while the CSE All Shares Price Index (CAPSI) of port city bourse gained 26 points at closing.

DSEX, the prime index of the Dhaka Stock Exchange, advanced by 8.26 points or 0.13 per cent to settle at 6,167.

The DS30 index, comprising blue chips, rose 13.87 point or 0.62 per cent to close at 2,244.

DSE Shariah Index (DSES) ginned 5.05 points or 0.37 per cent to finish at 1,372.

Turnover, the most important indicator of the market, stood Tk 3.71 billion, which was 3.34 per cent higher than the previous session’s turnover of Tk 3.59 billion.

The losers took a marginal lead over the gainers as out of 335 issues traded, 174 closed lower, 108 closed higher and 53 issues remained unchanged on the DSE trading floor.

Islami Bank Limited topped the day’s turnover chart, followed by City Bank, Alif Manufacturing Company Limited, Square Pharmaceuticals, Shahjalal Islami Bank.

The port city bourse also ended slightly higher with CSE All Shares Price Index (CAPSI) – advancing 26 points to finish at 19084.

The Selective Categories Index of the port city bourse -- CSCX -- also gained 18 points to settle at 11536 points.

Losers beat gainers as 110 issues closed lower, 79 closed higher and 49 remained unchanged on the CSE.

The port city bourse traded 7.30 million shares and mutual fund units worth Tk 237 million in turnover.

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