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Bourse closes marginally higher

WT24 Desk

Country’s premier bourse, Dhaka Stock Exchange (DSE), closed marginally on a higher note today as investors reacted cautiously prior to the Eid-Ul-Adha holidays, BSS reports.

The broader index, DSEX closed with 0.060 points up at 5172.86 and the Shariah DSES also followed same with 0.147 points up at 1193.94. But, the blue-chip DS30 declined by 1.713 at 1836.78.

At DSE, out of the day’s 352 companies and mutual funds, 152 registered higher price while 167 was losing issue and 33 remained unchanged.

According to the market operator, the core index experienced volatile trading throughout the session but buying pressure outweighed the selling pressure which triggered the bourse to settle in green with the decreased participation from the investors.

Thus, investors kept on taking fresh position in June-Closing stocks to reschedule their port folio at the current lucrative price level, it added.

However, investors exerted buying pressure on sector specific stocks especially from Miscellaneous, Pharmaceuticals and Chemicals and Textile sectors.

Meanwhile, market turnover decreased and stood at Taka 4.6 billion by the end of the session which is 4% lower than Thursday.

The core index closed at 5,172.9 points with a marginal gain of 3.1 points.

Sectors showed mixed performance today. Sector wise performance exposed that-Miscellaneous (3.4%), Jute (1.7%) and Textile (1.7%) sector experienced highest price appreciation in today’s session while Mutual Fund (-3.9%), Life Insurance (-1.7%) and Tannery (-1.0%) sector experienced highest price correction in today’s session.

Investors’ attentions were mostly concentrated on Textile (14.2%), Pharmaceuticals and Chemicals (14.1%) and Engineering (12.1%) sectors.

On the other hand, the port city bourse CSE closed in the red zone today. CSCX & CASPI increased by 4.4 and 5.3 points respectively

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