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DSEX exceeds 5,500-mark on buying spree

FE Online Report | Published: June 24, 2018 15:44:05 | Updated: June 25, 2018 15:38:56


Stocks extended the winning streak for the fourth session on Sunday with the key index of Dhaka Stock Exchange (DSE) crossing the 5,500-mark.

DSEX, prime index of the DSE, went up by 80.24 points, or 1.47 per cent, to finish at 5,522 points.

The market opened with a steep rise and there was no sign of reversal during the session with it ending higher.

Insiders said investors continued their buying spree riding on the news that the deposit and lending rates of the banks would be slashed from July 1.

Two other indices of the DSE also ended higher.

Of those, DS30 index, comprising blue chips, rose 28.61 points to finish at 2010 and DSE Shariah index soared 15 points to close at 1,278.

A total of 340 issues were traded on the DSE trading floor. Of those, 193 closed higher, 100 closed lower and 47 remained unchanged.

United Power was the most traded stocks on the DSE turnover chart with shares worth Tk 247 million changing hands, closely followed by IFAD Autos, Paramount Textile, Grameenphone and Alif Industries.

LankaBangla Finance was the day’s best performer, posting a gain of 9.98 per cent while the Atlas Bangladesh was the worst loser, losing 9.23 per cent.

Chittagong Stocks Exchange (CSE) also ended higher with its CSE All Share Price Index (CASPI) gaining 201 points to settle at 16,987 and selective categories index CSCX rising 118 points to finish at 10,274.

The gainers beat the losers as 140 issues closed higher, 87 ended lower and 24 issues remained unchanged on the CSE.

The port city’s bourse traded 14.27 million shares and mutual fund units worth more than Tk 562 million in turnover.

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