Stocks end marginally higher on DSE

Dhaka bourse Thursday closed the week's last session marginally higher extending the gaining streak for sixth consecutive session as investors' participation rose moderately in transactions.
On Thursday, Dhaka Stock Exchange (DSE) saw marginal rise both in broad index and turnover value.
The market opened the day's session positively and the DSE broad index DSEX continued an upward trend for more than 40 minutes.
Later, the DSEX declined till mid-session and closed the session with a marginal rise.
At the end of the session, the DSEX settled at 6451.53 with a rise of 0.28 per cent or 18.35 points.
The shariah based index DSES advanced 0.22 per cent or 3.15 points to close at 1415.72.
DS30 index comprising blue chip securities closed at 2355.85 with a loss of 0.17 points.
According to EBL Securities, Dhaka stocks ended higher due to the positive sentiment of investors while expectations of market-friendly policies in the fiscal budget 2022-23 kept them active in the potential sectors.
"Market increased owing to binge buying, fuelled by widespread investor engagement as the circuit breaker's lower limit bolstered investor confidence." said the EBL Securities.
Of 380 issues traded on Thursday, 179 advanced, 146 declined and 55 were unchanged on the premier bourse DSE.
The market capitalisation on the DSE advanced 2.41 per cent or Tk 122.75 billion in last five sessions and closed at Tk 5.20 trillion on Thursday.
Of the large cap companies which saw price appreciation, the share price of British American Tobacco Bangladesh Company advanced 0.87 per cent, Beximco 0.30 per cent, Square Pharmaceuticals 0.51 per cent, and Walton Hi-Tech Industries PLC 0.12 per cent.
Of the companies which witnessed price correction, the share price of Grameen Phone declined 0.78 per cent, MJL Bangladesh 1.12 per cent, and Renata 0.05 per cent.
On Thursday, the DSE posted a turnover of Tk 8.75 billion which was 17.76 per cent higher than the turnover of the previous session.
Of total turnover, Tk 249 million came from transactions executed in block board.
Investors' participation was concentrated mostly on pharmaceuticals & chemicals which grabbed 14.3 per cent of the market turnover followed by textile 13.6 per cent, miscellaneous 12.6 per cent, financial institutions 8.2 per cent and food & allied 7.2 per cent.
Beximco topped the scrip wise turnover chart with a value of Tk 502 million followed by IPDC Finance Tk 341 million, JMI Hospital Requisite Manufacturing Tk 287 million, Orion Pharma Tk 261 million, and Shepherd Industries Tk 237 million.
Aramit Cement was the number one gainer with a rise of 9.76 per cent or Tk 2.80 to close at Tk 31.50 each.
Tamijuddin Textile Mills was the worst loser after declining 1.95 per cent or Tk 4.40 to close at Tk 220.80 each.
CASPI, benchmark index of Chittagong Stock Exchange (CSE), advanced 0.37 per cent or 70.18 points to close at 18891.73 on Thursday.
Of 301 issues traded, 157 advanced, 102 declined and 42 were unchanged and the port city bourse CSE posted a turnover of Tk 225.51 million.

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