Saturday, 18th May, 2024
Saturday, 18th May, 2024

Stocks extend upbeat

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), today extended the winning streak as optimistic investors maintained their buying appetite.

DSEX, the benchmark index of DSE, went up by 25.90 points or 0.53 percent to settle at 4,861.88. Two other indices also edged higher. The DS30 index, comprising blue chips, gained 6.10 points to finish at 1,681.95 and the DSE Shariah Index advanced 4.21 points to close at 1,117.24.

The daily trade turnover on the DSE, however, dropped to Taka 6.02 billion, which was 10 per cent lower than the previous day’s turnover of Taka 6.71 billion.

Gainers took a modest lead over the losers as out of 342 issues traded, 141 closed higher, 109 lower and 92 issues remained unchanged on the DSE trading floor.

Nitol Insurance topped the turn over list with 3.67 million shares worth Taka 248 million changing hands, followed by Continental Insurance, Pioneer Insurance, Northern Insurance and Asia Pacific Insurance.

Dragon Sweater was the day’s best performer, posting a gain of 10 per cent while Baraka Power was the worst loser, losing 9.33 per cent.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—advancing 50 points to close at 13,921 while the Selective Categories Index – CSCX gaining 28 points to close at 8,383.

Of the issues traded, 106 advanced, 80 declined and 54 remained unchanged on the CSE.

The port city bourse traded 7.26 million shares and mutual fund units with turnover value of more than Taka 127 million.

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