Stocks extend gaining spell for 6th day

Stocks extended their gaining streak for the six straight sessions Tuesday, the last trading session before Eid holiday, as earning news continued to attract investors.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 27.28 points or 0.58 per cent to finish at 4,656.13. DSEX added 129.4 points in the past six consecutive sessions, hitting above 4,650-level after four months.
The two other indices also closed in green zone.  The DS30 index, comprising blue chips, rose 5.81 points or 0.32 per cent to end at 1,820.88. The DSE Shariah Index (DSES) advanced 5.27 points or 0.46 per cent to settle at 1,147.21.
Turnover crossed Tk 5.0 billion-mark again on the prime bourse and amounted to Tk 5.20 billion, which was 5.26 per cent higher than the previous session's Tk 4.94 billion.
The participants kept their focus concentrated on pharma, power and engineering - the sectors that accounted for 23 per cent, 21 per cent and 18 per cent of the day's total turnover.
"Stocks cheered on the last trading day before Eid holiday as earnings news continued to enchant investors," said LankaBangla Securities, a stockbroker, in an analysis.  
Market participation increased as buyers marched up to take position on stocks those showed up growth in earnings, said the stockbroker.
IDLC Investments, a merchant bank, said, "Investors' positive expectation on post-eid market move assisted the pre-eid six sessions to remain positive".
The port city bourse Chittagong Stock Exchange (CSE) also closed higher for the six running sessions with its Selective Categories Index - CSCX - gained 44 points to close at 8,714.
Gainers beat losers 129 to 77, with 31 issues remaining unchanged at the port city bourse that traded 11 million shares and mutual fund units, turnover of Tk 425 million.
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