Stocks edge higher amid cautious trading

Stocks posted a marginal gain on Monday although investors were mostly cautious amid worsening pandemic situation and floor price limitation.

DSEX, the key index of the Dhaka Stock Exchange, went up by 7.41 points or 0.18 per cent to settle at 3,981 during the three-hour trading session. DSEX added 19 points in the past five consecutive sessions.

The prime bourse has requested the clients of Crest Securities to submit application to the DSE chief regulatory officer, claiming their share/monetary balance in the DP/Ledger of the aforesaid company with necessary documents within 15 days.

The premier bourse also assured on Sunday that the investors whose funds were embezzled by Crest Securities would get back their money soon.

The Crest Securities, a brokerage firm of the DSE, remained closed since Tuesday last after its managing director Md Shahid Ullah went into hiding after embezzling clients' money.

Two other indices also gained marginally. The DS30 index, comprising blue chips, advanced 3.78 points to finish at 1,335 and the DSE Shariah Index rose 1.82 points to close at 923.

Turnover, an important indicator of the market, stood at Tk 1.54 billion on Monday, which was Tk 25.43 billion in the previous day due mainly to huge block trade of GSK Bangladesh shares.

Most of the shares remained stuck at the trading floor. Of the issues traded, 239 remained unchanged while 40 issues advanced and 19 declined on the DSE floor.

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