Stocks close higher amid lower turnover

Stocks ended higher for the third consecutive sessions amid modest volatility Sunday with declining turnover as investors remained on buying spree.The market opened with a positive note and the key index of the Dhaka Stock Exchange (DSE) rose 46 points within first 30 minutes of trading.  But rest of the session, it witnessed minor see-saw, eventually ended 34 points higher.
At the end of the session, the prime index of the DSE --- DSEX--- ended at 4,787.66 points, gaining 34.49 points or 0.72 per cent from previous session.The DSE Shariah Index (DSES) went up by 5.00 points or 0.51 per cent to 979.28 points. However, the DS30 index, comprising blue chips also lost 0.11 points to close at 1,660.24 points.The turnover on the DSE came down to Tk 6.97 billion, registering 18.57 per cent decline over the previous session’s turnover value of Tk 8.56 billion.Gainers beat losers 157 to 115, with 20 issues closed unchanged on the DSE floor.
Activities decreased in the prime bourse. A total of 0.154 million trades were executed with 180.01 million shares and mutual fund units.The market capitalization of the DSE stood at Tk 2,886.36 billion against Tk 2,875.71 billion in the previous session. United Airways dominated the top turnover chart with shares worth Tk 289.98 million changing hands followed by Meghna Petroleum, Appollo Ispat, Square Pharma and Unique Hotel and Resorts. Al-haj Textile was also the day’s highest gainer, posting a rise of 9.53 per cent while Meghna Condensed Milk was the day’s worst losers, slumping by 9.30 per cent. The Chittagong Stock Exchange (CSE) closed marginally higher, with its Selective Categories Index – CSCX-- gained 40.04 points to close at 9,407.02 points. Losers beat gainers 113 to 100, with 16 issues remaining unchanged at the port city bourse that traded 20.86 million shares and mutual fund units, turnover value of Tk 672.62 million.