Stocks close higher despite technical glitch at DSE

Stocks ended marginally higher Wednesday though technical glitch hit trading  on the premier bourse. Trading, that usually takes place between 10:30am and 2:30pm, started at 12:10pm and continued till 4:10pm. However, trading took place for full four hours except instrument of SPOT trading cycle that ended at 2:30pm. Despite delayed trading, DSEX, the prime index of the DSE went up by 30.15 points or 0.63 per cent to settle at 4,821.62, after witnessing four sessions downward trend. The DS30 index, comprising blue chips, gained 8.65 points or 0.46 per cent to end at 1,868.13. DSES index rose 8.63 points or 0.73 per cent to finish at 1,192.72. Turnover rose to Tk 6.15 billion in the prime bourse, which was 12.6 per cent higher than the previous day’s Tk 5.46 billion. Gainers took a strong lead over the losers as out of 309 issues traded, 183 advanced, 75 declined and 51 remained unchanged on the DSE floor. United Power remained the day’s top turnover leader with shares worth Tk 278 million changing hands followed by RSRM Steels, SPCL, Al-Haj Textile and Square Pharma. However, trading at the port city bourse Chittagong Stock Exchange (CSE) started on time at 10:30am and closed at 2:30pm. The port city bourse also closed higher with its Selective Categories Index - CSCX - rose 68.69 points to close at 9,018.03. Gainers beat losers 148 to 67, with 39 issues remaining unchanged at the port city bourse that traded 11.05 million shares and mutual fund units with turnover of Tk 1.05 billion.

--RMC--