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DSE gains as CSE loses

WT24 Desk
Key share price index at the country’s premier bourse, Dhaka Stock Exchange (DSE) gained on Wednesday while Chittagong Stock Exchange (CSE) experienced marginal loss. The DSE benchmark index, DSEX gained 10.66 points or 0.23 percent to close at 4741.98 on the day. Of the 315 issues traded, 144 gained, 142 declined and 29 remained unchanged.

Trading at the Dhaka Stock Exchange (DSE) ended Thursday, with the broader index rising for the nine days in a row and eventually crossing 4800-point mark again. The daily trade value and volume also rose substantially at the last session of the week. DSEX finished the day with a phenomenal 66.41 points rise to 4808.39 as market remained buoyant with strong buying interest. The blue-chip DS30 and Shariah DSES also advanced significantly during the week to close Thursday at 1888.83 and 1195.22 respectively.

“Stable economic and political outlook, coupled with better expected corporate earnings fueled the buying spree. At this point, market is perceived to get some solid direction, which induced investors to go long on stocks with better prospects in coming days”, said Lanka Bangla Securities Limited (LBSL).

Shares worth Tk 715.17 crore changed hands at the DSE on Wednesday as against Tk 492.67 crore on Tuesday. The day’s top 10 gainers at the DSE were Islami Bank, Shahjibazar Power, National Polymer, Meghna Cement, Eastern Insurance, Wata Chemicals, Hakkani Pulp & Paper, Renata, Linde Bangladesh, and Bangladesh Submarine Cable Company. The top five turnover leaders at the DSE were Shahjibazar Power, BSRM Limited, Lafarge Surma Cement, MJL Bangladesh and Active Fine Chemicals.

Top five losers of the day were Exim Bank 1st Mutual Fund, Samata Leather, Rangpur Dairy & Food Products, Saiham Cotton Mills, and Bengal Windsor Thermoplastics. The CSE key index, CASPI lost 9.1 points to reach 14530.51 at close on Wednesday. Of the 247 issues traded, 98 advanced, 124 suffered loss and 25 remained unchanged.  The value of the traded issues at the CSE was Tk 51.83 crore on the day, agencies report.

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