Stocks close higher for 6th day

Stocks closed higher for the six consecutive sessions on Monday with turnover improved further as investors continued to take position on large cap stocks. The market started with an upbeat note and the upturn continued till the market closure. Eventually, DSEX, the prime index of the Dhaka Stock Exchange ended at 4,565.13 points, gaining 34.29 points or 0.75 per cent. The other two indices ended higher. The DS30, comprising blue chips gained 22.75 points or 1.35 per cent to close at 1,701.46 points. The DSE Shariah Index advanced 13.44 points or 1.28 per cent to close at 1,060.65 points. The total turnover on the DSE improved further and amounted to Tk 7.90 billion, which was 3.54 per cent higher from Tk 7.64 billion in the previous session. It was also the highest turnover since Tk 8.04 billion on February 3, this year. The losers took a lead over the gainers as out of 301 issues traded, 135 advanced, 141 declined and 25 remained unchanged on the DSE floor. Square Pharma was the most traded stock with shares worth Tk 523.22 million changing hands followed by MJL BD, GP, Active Fine Chemicals and Appollo Ispat. Apex Tannery was the day’s highest gainer, posting a rise of 12.19 cent following its corporate declaration of 45 per cent cash dividend while Exim Bank First Mutual Fund was the day’s worst loser, slumping by 10 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index – CSCX – gained 57.03 points to close at 8,632.23 points. Losers beat gainers 115 to 92, with 25 issues remaining unchanged at the port city bourse that traded 12.92 million shares and mutual fund units, turnover value of Tk 540.58 million