Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended gaining streak for the second running session on Sunday with prime index of the Dhaka Stock Exchange (DSE) crossing the 4,400-mark as optimistic investors went on buying spree.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, started with an upward trend which sustained till end of the session.
The key index of the Dhaka Stock Exchange (DSE) advanced 38.77 points, while the selective category index of Chittagong Stock Exchange (CSE) earned 70.11 points at the closing.
As the session closed, the benchmark index of the DSE settled at 4,426.78, gaining 38.77 points or 0.88 per cent.
The DS30 index, comprising blue chips, advanced 26.77 points or 1.57 per cent to finish at 1,734.74 points.
The DSE Shariah Index (DSES) rose 15.05 points or 1.40 per cent to close at 1,091.65 points.
Turnover, an important indicator of the market, crossed BDT 4.0 billion-mark and amounted to BDT 4.28 billion, which was 22 per cent higher than the previous day’s BDT 3.50 billion.
The gainers took a strong lead over the losers as out of 318 issues traded, 162 closed higher, 92 closed lower and 64 remained unchanged on the DSE trading floor.
Lafarge Surma Cement dominated the turnover chart for the second running session with shares worth nearly BDT 325 million changing hands, followed by Shahjibazar Power Company BDT 191 million, United Power BDT 118 million, United Airways BDT 116 million and Doreen Power BDT 87 million.
GPH Ispat was the day’s best performer, posting a gain of 10 per cent, while BD Autocars was the worst loser, plunging 5.47 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index- CSCX- advancing 70.11 points to close at 8,295.76 points.
Gainers beat losers 134 to 72, with 27 issues remaining unchanged on the port city bourse that traded 14.62 million shares and mutual fund units with a value of BDT 298 million.