Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to green on Thursday with turnover hitting one month high on the premier bourse as investors took position on lucrative issues.
The market started with a positive note and remained vibrant throughout the session amid strong buying pressure from the investors, riding on hope and excitement.
The prime index of the Dhaka Stock Exchange (DGEN) crossed 4,300 points mark after six sessions and settled at 4,306.79 points, advancing 48.59 points or 1.14 percent.
The DS30 index, comprising blue chips, soared 23.47 points or 1.43 percent to finish at 1,665.28 points.
The DSE Shariah Index (DSES) rose 14.90 points or 1.43 percent to close at 1,057.13 points.
The total market turnover shot up to one high month high to BDT 4.78 billion, which was 19.50 percent higher than previous session’s value of BDT 4.0 billion.
The gainers took a strong lead over the losers as out of 316 issues traded, 166 closed higher, 103 lower and 47 remained unchanged on the DSE trading floor.
United Power Generation and Distribution Company dominated the turnover chart with shares worth BDT 506 million changing hands, followed by BSRM, MJL BD, Linde BD and Beximco Pharmaceuticals.
Islami Bank was the day’s best performer, posting a rise of 10 percent, while Gemeni Sea Food was the worst loser, plunging 7.14 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended higher after previous day’s marginal correction with its Selective Categories Index, CSCX, gaining 88.35 points to 8,057.71 points.
Gainers beat gainers as 127 issues closed higher, 79 closed lower and 34 remained unchanged on the CSE.
The port city bourse traded 9.58 million shares and mutual fund units worth BDT 250 million in turnover.