Stocks edge up amid high turnover

Stocks ended higher for the third running session on Thursday with turnover improved further as investors' buying spree continued. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,675.91 points, gaining 12.78 points or 0.33 per cent from previous session. The other two indices also closed higher. The DS30, comprising blue chips advanced 9.31 points or 0.52 per cent to close at 1,786.57 points. The DSE Shariah Index went up by 5.32 points or 0.48 per cent to close at 1,101.31 points. The total turnover on DSE rose to Tk 6.86 billion, registering an increase of 7.85 per cent over the previous session’s value of Tk 6.36 billion. Out of 300 issues traded, 133 advanced, 127 declined and 40 remained unchanged on the DSE floor. MJL BD was the day’s most traded stocks with shares worth Tk 570.75 million changing hands followed by ACI Formulations, Beximco, Delta Life Insurance and Lafarge Surma Cement. ACI Formulations was the day’s highest gainer for the third day, posting a rise of 9.95 per cent while newly listed Shurwid Industries was the day’s worst loser, slumping by 10.64 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also closed marginally higher with its Selective Categories Index – CSCX – gained 8.40 points to close at 8,757.85 points. Losers beat gainers 113 to 87, with 25 issues remaining unchanged at the port city bourse with 9.72 million shares and mutual fund units, with turnover value of Tk 408.93 million traded.