DSEX crosses 6,000-mark ahead of Eid holidays

FE Online Report | Published: August 31, 2017 16:00:43 | Updated: November 12, 2017 14:58:49


Stocks extended the winning streak for the sixth day in a row Thursday with the prime index of the Dhaka Stock Exchange (DSEX) surpassing the 6,000-mark for the time since its introduction in January 2013.

 

Market insiders said after several futile attempts in last few sessions, DSEX finally budged up, crossing 6,000-point level for the first time since its inception more than four-and-a-half years ago.

 

It was the last trading day before Eid-ul-Azha vacation.  Trading and official activities on the bourses will remain closed from September 1 to September 3 in line with the government holidays. The market will resume on September 4.

 

The market started with an upward note and the DSEX moved notably higher straight above 6,000-mark in early trading and most of the stocks traded positive throughout the session.

 

Finally, DSEX, the core index of the Dhaka Stock Exchange (DSE), settled at more than 6,006 points, after gaining 32.48 points or 0.54 per cent.

 

The market remained higher for the six consecutive sessions and DSEX added nearly 151 points.

 

The market activities also escalated, with total turnover on DSE amounting to Tk 8.53 billion, which was 6.10 per cent higher than the previous day’s Tk 8.04 billion.

 

The gainers took a modest lead over the losers as out of 328 issues traded, 167 closed higher, 124 lower and 37 remained unchanged on the DSE trading floor.

 

LankaBangla Finance topped the day’s turnover chart with shares of Tk 537 million changing hands, followed by Fortune Shoes, Exim Bank, National Bank and IFIC Bank.

 

Monno Ceramic Industries was the day’s best performer, posting a gain of 9.98 per cent while Fine Foods was the day’s worst loser, plunging 5.98 per cent.

 

The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index - CSCX - gaining 43 points to close at 11,242 points.

 

Gainers beat losers 108 to 102, with 35 issues remaining unchanged on the port city bourse that traded 25.63 million shares and mutual fund units, generating a turnover of Tk 642 million.

 

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