Stocks return to green after 3 days

Stocks returned to green on Tuesday after witnessing correction in the past three sessions with improved turnover as investors went for buying binge. The market opened with an upward trend, which sustained throughout the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 38.52 points or 0.85 per cent to settle at 4,565.24. The two other indices also closed higher. The DS30 index, comprising blue chips, gained 17.65 points or 1.00 per cent to close at 1,782.15. The DSE Shariah Index (DSES) rose 9.72 points or 0.87 per cent to end
at 1,120.28. Turnover stood at Tk 4.85 on the main bourse, which was 14.65 per cent higher than the previous day’s Tk 4.23 billion. The gainers took a strong lead over the losers as out of 321 issues traded, 205 advanced, 68 declined and 48 remained unchanged on the DSE trading floor. Beximco Limited was the day’s top turnover leader with shares worth Tk 221 million changing hands followed by United Airways, ACI, Olympic Accessories and Beximco Pharma. Sonali Ansh was the day’s best performer, posting a rise of 9.97 per cent while Pragati Life Insurance was the day’s worst loser, plunging by 9.37 per cent. The port city bourse Chittagong Stock Exchange (CSE) also returned to green with its Selective Categories Index – CSCX – gained 70.58 points
to close at 8,558.11. Gainers beat losers 146 to 64, with 38 issues remaining unchanged at the port city bourse that traded 12.32 million shares and mutual fund units with turnover of Tk 396 million.