Stocks see sharp gain amid high turnover

Stocks witnessed sharp gain Monday after passing sluggish days in the last few trading sessions as investors went for buying spree amid optimism. The market opened with a positive mood which continued till the market closure. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 99.21 points or 2.08 per cent to close at 4,868.64 points. The other two indices also saw steep gain. The DS30, comprising blue chips gained 39.21 points or 2.22 per cent to close at 1,799.27 points. The DSE Shariah Index rose 25.14 points or 2.27 per cent to close at 1,131.92 points. Turnover stood at Tk 3.41 billion, registering an increase of 47 per cent from the previous session’s four and a half month lowest turnover of Tk 3.47 billion. The gainers took a strong lead over the losers as out of 299 issues traded, 253 advanced, 34 declined and 12 remained unchanged on the DSE floor. AB Bank was the most traded stock with shares worth Tk 155.38 million changing hands followed by GP, Jamuna Oil, Lafarge Surma Cement and UCBL. KPCL was the day’s highest gainer, posting a rise of 7.33 per cent while Northern Jute Manufacturing was the day’s worst loser, slumping by 7.34 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also sharp gain with its Selective Categories Index – CSCX – gained 213.68 points to close at 9,172.93 points. Gainers beat losers 159 to 39, with 14 issues remaining unchanged at the port city bourse that traded 7.90 million shares and mutual fund units, turnover value of Tk 271.39 million.