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Stocks steady to open week

WT24 Desk

Stock maintained steady rise to open week on Sunday, taking the broader indices at the country’s twin stock exchanges near to the higher psychological level, BSS reports.  DSEX of Dhaka Stock Exchange (DSE) finished the week at 4357.53 and advanced by further 21.69 points to close the first session of the week near 4400-point mark at 4379.23.

The blue-chip DS30 and the Shariah DSES also gained, though marginally and advanced to 1650.88 and 1058.71 accordingly.  Chittagong Stock Exchange (CSE) also closed Sunday up, with maintaining the strong recovery in its broader CSCX index that ended the day over 42 points up at 8183.11.

The trade value and volume at DSE, however, fell to Taka 373.98 crore from Thursday’s Taka 412.96 crore when the volume declined to 11.75 crore shares from 12.62 crore shares of the last week close.   Similarly, total daily turnover in volume on CSE fell to 98.92 lakh shares from 1.02 crore shares on Thursday when the trade value declined to Taka 29.42 crore from Taka 35.17 crore of the last session.

Like the previous sessions, majority of the issues traded at the two bourses closed higher on high demand, with 158 securities on DSE and 126 issues on CSE closing up. A total of 100 issues incurred loss on DSE at the first day of the week while 77 securities closed lower on CSE. The major gainers of the day were Aramit Cement, Aamra Tech, Popular Life, Agni System and Baraka Power when the major lagging issues included Bank Asia, Phoenix Finance, Jute Spinning, Dulamia Cotton and United Insurance.

Lanka Bangla Finance topped the turnover leaders followed by KDS Accessories, Orion Infusion, Power Grid and UPGDCL.

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