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4 months ago

Stocks end higher amid growing optimism

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Stocks ended higher on Thursday, with the key index crossing the 5,700 mark, as optimistic investors put fresh funds on selective large-cap shares in anticipation of short-term gain.

The prime index of the Dhaka Stock Exchange (DSE) increased by 41.14 points to settle at 5,735.27.

A section of investors are optimistic about the return of good governance in the market as massive reforms are underway in the financial sectors, including the capital market.

The blue-chip index DS30, a group of 30 prominent companies, saw a 29.46-point increase to 2106.44, while the DSES Index, which represents Shariah-based companies, saw a 12.13-point increase to 1,257.81 till the end.

Turnover, a crucial indicator of the market, stood at Tk 5.95 billion, up 7.4 per cent from the previous trading day.

The majority of the stocks saw a price decrease, as out of the 397 issues traded, 150 closed higher, 191 ended lower, and 56 remained unchanged on the DSE trading floor.

Grameenphone was the most-traded stock with shares worth Tk 314.71 million changing hands, followed by Sonali Aansh Industries, Orion Infusion, Linde Bangladesh, and Sea Pearl Beach Resort & Spa.

The Chittagong Stock Exchange (CSE) also ended higher, with its All Share Price Index (CASPI) gaining 74.83 points to settle at 16,192, and the Selective Categories Index (CSCX) gaining 46.28 points to settle at 9,760.43.

The port city bourse traded 4.05 million shares and mutual fund units, with a turnover volume of Tk 170.16 million.

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