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Stocks on Dhaka Stock Exchange (DSE) ended higher on Tuesday, as bargain hunters went on buying lucrative shares after a recent price fall.
The prime index of the DSE went up by 11.89 points to settle at 5,247 today.
Monday and Tuesday have added 13.86 points in DSEX. The premier index was 18 points down on Sunday whereas it was 23 points up on Thursday after an 8.22 per cent fall from 13 May to 28th May. There was only one trading session where the index increased within that time; the other 11 sessions saw a decline in the index.
The blue-chip index DS30, a group of 30 prominent companies, saw a more than 4.43 points decline to settle at 1852.56 while the DSES Index, which represents Shariah-based companies, gained 4.43 points to stand at 1,142.74 at the closing.
Turnover, a crucial indicator of the market, stood at Tk 5.93 billion at the end of trading which was 51.5 per cent higher than earlier trading days.
The majority of the stocks saw a price surge, as out of the 397 issues traded, 181 closed higher, 147 ended lower and 69 remained unchanged on the DSE trading floor.
Meghna Petroleum Limited, the most-traded stock with shares worth Tk 258.89 million changing hands, followed by Standard Bank PLC, Central Pharmaceuticals Limited, and Rupali Life Insurance Company Limited.
The Chittagong Stock Exchange (CSE), however, ended lower with its All Share Price Index (CASPI) losing 29.45 points to settle at 14971 and the Selective Categories Index (CSCX) losing 16.91 points to 9006.
The port city bourse traded 12.52 million shares and mutual fund units with a turnover volume of Tk 937.56 million.