DSE closes higher for 7th day

Dhaka stocks closed higher for the seventh straight session on Wednesday amid choppy trading with turnover falling slightly as investors took position on large cap stocks. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up marginally by 12.60 points or 0.25 per cent to close at 4,979.72 points, the highest level since its inception on January 28, 2013. The two other indices saw sharp gain. The DS30, comprising blue chips, soared 32.51 points or 1.71 per cent to close at 1,924.22 points. The DSE Shariah Index gained 14.82 points or 1.29 per cent to close at 1,162.58 points. The total turnover on DSE came down slightly to Tk 9.32 billion, which was 8.17 per cent lower over the previous session value of Tk 10.15 billion. Losers, however, outpaced gainers as out of 302 issues traded, 161 declined, 121 advanced and 20 remained unchanged on the DSE floor. Newly listed RSRM Steels was the day’s most traded stocks with shares worth Tk 503.0 million changing hands followed BSRM Steels, MJL BD, Beximco and GP. RSRM Steels was also the day’s highest gainer, posting a rise of 15.10 per cent while Asia Pacific Insurance was the day’s worst loser, slumping by 7.75 per cent. The total market capitalization on DSE stood at Tk 3,328.97 billion against Tk 3,318.33 billion in the previous session. However, the port city bourse, Chittagong Stock Exchange (CSE) ended in mixed, with its Selective Categories Index – CSCX – lost 35.51 points to close at 9,342.03 points. Losers beat gainers 142 to 73, with 23 issues remaining unchanged at the port city bourse that traded 18.65 million shares and mutual fund units with turnover value of Tk 705.93 million.