Stocks break 6-day losing streak

Stocks ended higher on Sunday, breaking six-day losing streak with turnover improved slightly as investors went for buying spree. The market opened with a positive note which sustained throughout the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 4,500-mark and ended at 4,502.22 points, gaining 46.93 points or 1.05 per cent. The DS30 index, comprising blue chips, gained 22.75 points or 1.35 per cent to close at 1,738.41 points. The DSE Shariah Index (DSES), moved up by 11.47 points to end at 1,103.79 points. DSE turnover remained improved to Tk 3.62 billion, registering an increase of 4.62 per cent over the previous day’s Tk 3.46 billion. The gainers took a modest lead over the losers as out of 311 issues traded, 160 advanced, 110 declined and 41 remained unchanged on the DSE trading floor. Beximco Pharma was the day’s top turnover leader with shares worth Tk 210.48 million changing hands followed by Lafarge Surma Cement, Square Pharma, Olympic Accessories and Saif Powertec. Hakkani Pulp and Papers was the day’s top gainer, posting a rise of 9.83 per cent while Samata Leather was the worst loser, shedding 6.86 per cent. The port city bourse Chittagong Stock Exchange (CSE) also ended higher after six day with its Selective Categories Index – CSCX – gained 66.07 points to close at 8,415.90 points. Gainers beat losers 117 to 82, with 42 issues remaining unchanged at the port city bourse that traded 9.05 million shares and mutual fund units with turnover of Tk 473 million.