Stocks edge higher for third session

Stocks ended marginally higher Thursday for the third running sessions with key index of the prime bourse crossed 4,400-mark as investors put funds on equities amid hope for ending the political crises. The market started in a positive note in the morning and the upward trend continued to the market closure amid modest see-saw. At the end of the session, the prime index of the Dhaka Stock Exchange (DSE) - DSEX- ended at 4,407.83 points, gaining 16.56 points or 0.38 per cent. The DS30 index, including blue chips also advanced 12.14 points or 0.79 per cent to close the session at 1,555.61 points. Turnover value on the DSE stood at Tk 5.18 billion, registering 4.07 per cent decline over the previous session’s 3-week high value of Tk 5.40 billion. Gainers beat losers 167 to 85, with 38 issues closed unchanged on the DSE floor. Activities decreased in the prime bourse. A total of 0.116 million trades were executed with 110.32 million shares and mutual fund units were trading volume. The market capitalisation of the DSE stood at Tk 2,717.36 billion against Tk 2,712.10 billion in the previous session. Golden Son dominated the top turnover chart with shares worth Tk 206.96 million changing hands followed by Meghna Petroleum, LankaBangla Finance, Summit Purbanchol Power Company and BD Building. Paramount Textile was the day’s highest gainer, posting a rise of 6.37 per cent rise while Modern Dyeing was the day’s worst losers, slumping by 7.60 per cent. The Chittagong Stock Exchange (CSE) also closed marginally higher, with its Selective Categories Index – CSCX-- gained 47.50 points to close at 8,663.44 points. Gainers beat losers 106 to 94, with 25 issues remaining unchanged at the port city bourse that traded 13.25 million shares and mutual fund units, turnover value of Tk 530.14 million.