Stocks end higher amid high turnover

Bourses witnessed steep gain on Tuesday, a day after modest correction with turnover improving significantly as investors went for buying spree on large cap stocks. The market started with an upbeat note which continued till the end of the session. DSEX, the prime index of Dhaka Stock Exchange (DSE), ended at 4,759.39 points, surging 49.48 points or 1.05 per cent from previous session. The other two indices of the DSE also ended higher. The DS30, comprising blue chips, rose 39.42 points or 2.16 per cent to 1,858.40. The DSE Shariah Index gained 15.81 points or 1.42 per cent to close at 1,126.53. The total turnover on DSE jumped to Tk 8.36 billion, registering an increase of 25 per cent over the previous session’s value of Tk 6.68 billion. Out of 301 issues traded, 114 advanced, 137 declined and 50 remained unchanged. Beximco Pharma was the day’s most traded stocks with shares worth Tk 560.49 million changing hands followed BSRM Steels, NJL BD, Beximco and Lafarge Surma Cement. ACI Formulations was the day’s highest gainer, posting a rise of 10 per cent while BD Building was the day’s worst loser, slumping by 6.27 per cent. The port city bourse, Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – gaining 74.68 points to close at 8,875.31 points. Losers beat gainers 133 to 74, with 26 issues remaining unchanged at the Chittagong city bourse that traded 13.34 million shares and mutual fund units with a turnover value of Tk 537.29 million.