Stocks edge up after bumpy ride

FE Report

Stocks posted a marginal gain on Wednesday as some investors showed their buying binge amid cautious trading.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,242, advancing 8.96 points or 0.17 per cent over the previous day.

Market operators said despite the market finished slightly higher for the second straight session, most of the investors followed cautious stance amid growing political clashes surrounding national elections.

However, the two other indices ended marginally lower. The DS30 index, comprising blue chips, fell 7.16 points to finish at 1836 and the DSES (Shariah) index saw fractional loss of 0.31 point to settle at 1,204.

Turnover, another important indicator of the market, remained low as the total turnover rose to Tk 3.98 billion, which was 19 per cent higher than the previous day's turnover of Tk 3.34 billion.

CSE ended flat with the CSE All Share Price Index - CASPI - gaining 0.23 point to settle at 16,047 while the Selective Categories Index - CSCX -losing 1.27 points to finish at 9,708.

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