The Financial Express

Stocks extend rally, DSEX, DSES hit all-time record high

| Updated: November 22, 2017 13:46:19

DSEX, DSES hit all-time high

Stocks extended rally for the second consecutive session on Monday, while the key index of the prime bourse DSEX and Shariah index hit all-time record high.

Dealers said the market rally continues as investors showed their buying appetite on large-cap sectors, taking the DXES to the record high since its inception on January 27, 2013.

The market started with a positive note and the upward trend sustained till end of the day, the second session of the week, amid modest volatility, finally ended more than 12 points higher.

DSEX, the core index of the Dhaka Stock Exchange (DSE), went up by 12.17 points or 0.19 per cent to settle at 6,319. It was the highest level of DSEX since its inception.

The DSE Shariah Index (DSES) followed the suit to close at historical high of 1393 points, it was also highest level since its inception. The Shariah index added 9.45 per cent or 0.68 per cent.

However, the DS30 index, comprising blue chips, slipped 4.23 per cent or 0.18 per cent to finish at 2,286, slightly bellow of its all-time highest of 2290 points.

Bullish sentiment also reflected on the turnover activities as total turnover on the DSE reached at Tk 11.58 billion, which was Tk 9.70 billion on the previous day.

The losers took a strong lead over the gainers as out of 324 issues traded, 127 closed higher, 161 closed lower and 36 remained unchanged on the DSE floor.

AB Bank topped the turnover chart with a value of Tk 857 million, followed by LankaBangla Finance, Dhaka Bank, Square Pharma, and Shahjalal Islami Bank.

The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index - CSCX – adding 4.31 points to settle at 11,835.

Losers beat gainers as 120 issues closed lower, 108 closed higher and 25 remained unchanged on the CSE.

The port city bourse traded 2.05 million shares and mutual fund units’ worth Tk 690 million in turnover.

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