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Stocks edge up amid choppy trading

FE Online Report | Published: November 18, 2018 16:44:11 | Updated: November 19, 2018 15:29:20


Stocks ended marginally higher on Sunday as investors were mostly followed cautious stance ahead of national election.

Market operators said a section of investors showed some buying appetite while some were busy with rebalancing their portfolios based on quarterly earnings results.

The market opened on positive note and the positive trend sustained till end of the session amid modest volatility.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,256, advancing 11.43 points or 0.22 per cent over the previous day.

The DSE Shariah Index also advanced 4.37 points to close at 1,212. However, the DS30 index, comprising blue chips, fell 3.06 points to finish at 1,853.

Turnover, another important indicator of the market, remained almost same as total turnover amounted to Tk 5.56 billion like previous session.

A total number of 125,635 trades were executed in the day’s trading session with trading volume of 135.70 million securities.

The market capitalisation of the DSE on Thursday stood at Tk 3,820 billion which was Tk 3,814 billion in the previous day.

The gainers took a modest lead over the losers as out of 315 issues traded, 144 advanced, 128 declined and 43 issues remained unchanged on the DSE trading floor.

United Power topped the DSE turnover chart with 1.23 million shares worth Tk 395 million changing hands.

The other turnover leaders were Khulna Power Company, SK Trims Industries, Saiham Cotton Mills, and IFAD Autos.

Rangpur Dairy Food was also the day’s best performer, posting a gain of 9.85 per cent, while Monno Jute Stafflers was the worst loser, losing 76.39 per cent following its price adjustment after record date.

The port city bourse CSE closed ended higher with its CSE All Share Price Index – CASPI –advancing 74 points to settle at 16,129 and the Selective Categories Index - CSCX –rising 45 points to finish at 9,774.

The gainers beat losers as 111 issues closed higher, 89 ended lower and 20 remained unchanged on the CSE.

The port city bourse traded 9.76 million shares and mutual fund units worth more than Tk 250 million in turnover.

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