Stocks, turnover rise on DSE, CSE

Stocks ended higher for the second running session on Tuesday with improved turnover as investors went for buying spree on large cap stocks amid optimism. The market opened with a positive note which continued till the closure. DSEX, the benchmark index of the Dhaka Stock Exchange (DSEX) crossed the 4,400 points level after 12-session and ended at 4,424.60 points, gaining 29.65 points or 0.67 per cent. The other two indices also closed higher. The DS30, comprising blue chips gained 12.38 points or 0.77 per cent to close at 1,618.06 points. The DSES rose 8.09 points or 0.81 per cent to close at 999.80 points. The total turnover rose to Tk 3.75 billion, registering an increase of 21.35 per cent over the previous session’s value of Tk 3.09 billion. The gainers took a strong lead over the losers as out of 297 issues traded, 192 advanced, 70 declined and 35 remained unchanged on the DSE floor. Beximco Limited was the most traded stock for the eight consecutive sessions with shares worth Tk 490.87 million changing hands followed by GP, Padma Oil, Lafarge Surma Cement and Shahjibazar Power. Summit Alliance Port was the day’s highest gainer, posting a rise of 9.82 per cent while ICB First NRB Mutual Fund was the day’s worst loser, slumping by 6.87 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also ended higher with its Selective Categories Index – CSCX – gained 43.69 points to close at 8,388.81 points. Gainers beat losers 116 to 57, with 36 issues remaining unchanged at the port city bourse that traded 7.20 million shares and mutual fund units, with turnover value of Tk 275.26 million.