Both DSE, CSE indices rise for second straight day; most stocks gain

Both stock exchanges recorded index gains for the second consecutive day on Tuesday, with the majority of listed companies seeing their share prices rise.

At the Dhaka Stock Exchange (DSE), the benchmark DSEX index climbed 34 points by the close of trade. The Shariah-based DSES index gained 5 points, while the blue-chip DS30 index advanced 16 points.

Market breadth remained firmly positive, with 275 companies posting price gains against declines in 70, while 48 companies closed unchanged.

The turnover at the DSE rose notably, reaching approximately Tk 6.0 billion in shares and units up from Tk 4.70 billion recorded in the previous session.

In the block market, shares worth Tk 350 million were traded across 32 companies, with City Insurance PLC leading the segment by offloading shares worth Tk 110 million.

Lovello Ice Cream PLC topped the DSE gainers' chart with a 10 per cent price increase, while Al-Arafah Islami Bank PLC was the worst performer, shedding 5 per cent of its value.

At the Chittagong Stock Exchange (CSE), the overall CASPI index edged down 8 points despite a generally bullish session.

A total of 90 companies advanced against 71 decliners, with 22 remaining flat.

The turnover at the bourse, however, slipped to Tk 260 million from Tk 310 million the previous day.

Runner Automobiles PLC led the CSE gainers with a 10 per cent price rise, while Emerald Oil Industries Limited was the biggest loser, falling nearly 10 per cent.