DSE turnover crosses Tk 6.50 billion

Stocks edged marginally higher Wednesday with turnover crossing Tk 6.50 billion after three and a half months as favourable prices spurred investors’ participation. “Buying spree was spurred by banks’ reduced deposit interest rate and low prices of stocks,” said an analyst. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 12.72 points or 0.28 per cent to close at 4,484.90 points. However, the other two indices closed in the red like previous session. The DS30, comprising blue chips lost 0.92 points or 0.05 per cent to close at 1,649.67 points. The DSE Shariah Index declined 0.28 points or 0.02 per cent to close at 1,020.39 points. The total turnover on DSE improved to Tk 6.51 billion, registering an increase of 32.58 per cent over the previous session’s value of Tk 4.98 billion. It was also three and a half month high turnover since Tk 6.73 billion on 24 April, this year. The gainers took a lead over the losers as out of 296 issues traded, 154 advanced, 93 declined and 49 remained unchanged on the DSE floor. MJL Bangladesh was the most traded stock with shares worth Tk 761.27 million changing hands followed by GP, Beximco, ACI and Golden Son. Padma Life Insurance was the day’s highest gainer, posting a rise of 9.85 cent while Summit Alliance Port Ltd was the day’s worst loser, slumping by 5.47 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also closed marginally higher with its Selective Categories Index – CSCX – gained 11.38 points to close at 8,493.31 points. Gainers beat losers 117 to 84, with 29 issues remaining unchanged at the port city bourse that traded 12.11 million shares and mutual fund units, turnover value of Tk 448.19 million.