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Stocks ended marginally high on Thursday, as investors preferred to remain watchful and monitor the market momentum owing to uncertainties leading up to the national budget declaration.
The prime index of the Dhaka Stock Exchange (DSE) went up 12.95 points to settle at 5,237.
The blue-chip index DS30, a group of 30 prominent companies, saw an increase of more than 3.59 points to 1857.97, while the DSES index, which represents Shariah-based companies, increased 1.24 points to 1,136.76 till the end.
Turnover, a crucial indicator of the market, stood at Tk 5.23 billion at the end of trading, which is 42.29 per cent higher than the previous day.
The benchmark index of the DSE managed to stay afloat in green territory in the last session of the week, although the market observed active participation from both sides of the trading fence while the majority of investors remained cautious owing to concerns over the market’s momentum following the national budget declaration, says EBL Securities.
The majority of the stocks saw a price surge, as out of the 394 issues traded, 152 closed higher, 166 ended lower and 76 remained unchanged on the DSE trading floor.
British American Tobacco Bangladesh Company Limited was the most-traded stock with shares worth Tk 565.08 million changing hands, followed by Meghna Petroleum Limited, Unilever Consumer Care Limited, Taufika Foods and Lovello Ice-cream PLC and Fortune Shoes Limited.
Chittagong Stock Exchange (CSE) ended higher with its All Share Price Index (CASPI) losing 4.01 points to settle at 14947 and the Selective Categories Index (CSCX) gaining 2.61 points to 8989.
The port city bourse traded 2.68 million shares and mutual fund units with a turnover of Tk 143.2 million.