Stocks close marginally higher

Stocks edged marginally higher on Wednesday for the second running sessions with declined slightly as investors remained in cautious mood. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,575.50 points, gaining 12.53 points or 0.27 per cent from previous session. The other two indices also closed positive. The DS30, comprising blue chips gained 8.80 points or 0.52 per cent to close at 1,677.79 points. The DSE Shariah Index (DSES) went up by 4.31 points or 0.42 per cent to close at 1,014.90 points. The total turnover value stood at Tk 4.19 billion which was 6.26 per cent lower compared to the previous session’s value of Tk 4.19 billion. The gainers took a modest lead over the losers as out of 294 issues traded, 175 gained, 93 declined and 26 issues closed unchanged on the DSE floor. GP became the top turnover leader with shares worth Tk 455.39 million changing hands followed by Appollo Ispat, Active Fine, Meghna Petroleum, and Golden Son. BD Thai was the day’s highest gainer; posting a rise of 8.29 per cent while NCC Bank was the day’s worst losers, slumping by 8.0 per cent. The port city bourse -- Chittagong Stock Exchange (CSE) also closed marginally higher with its Selective Categories Index -- CSCX gained 28.40 points to stand at 8,809.49 points. Gainers beat losers 117 to 75 with 32 issues remaining unchanged at the port city bourse that traded 8.52 million shares and mutual fund units, turnover value of Tk 305.31 million.