Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended higher on Monday, with key index of the Dhaka Stock Exchange (DSE) crossing 4,400-mark, as optimistic investors went on buying spree on large-cap stocks.
As only three trading sessions are left before Eid vacation, the market saw some buying pressure as pre-Eid sale pressure ended. Trading on bourses will remain closed from July 1 to July 9 on the occasion of Eid-ul-Fitr.
The market opened with a positive note and the upward trend sustain till end of the session. At the end of the session, DSEX, the prime index of the DSE, finished at 4,412.83, gaining 32.60 points or 0.74 percent.
The two other indices also closed higher. The DS30 index, comprising blue chips, advanced 11.61 points or 0.68 percent to settle at 1,726.36 points.
The DSE Shariah Index (DSES) also rose 5.60 points or 0.53 percent to close at 1,085.85 points.
Turnover, an important indicator of the market, also rose to BDT 3.20 billion, which was 32.33 percent higher than the previous day’s BDT 2.66 billion.
The gainers took a strong lead over the losers as out of 320 issues traded, 205 closed higher, 62 lower and 53 remained unchanged on the DSE trading floor.
ACME Laboratories dominated the turnover chart with 1.25 million shares worth BDT 144 million changing hands, followed by Olympic Accessories, Aman Feed, Islami Bank and Bangladesh Building Systems.
Islami Insurance Bangladesh was also the day’s best performer, posting a rise of 8.27 percent, while Modern Dyeing was the worst loser, plunging 6.26 percent.
The port city bourse Chittagong Stock Exchange (CSE) closed higher with its Selective Categories Index- CSCX — advancing 53.88 points to finish at 8,223.69 points.
Gainers beat losers 157 to 57, with 38 issues remaining unchanged on the port city bourse that traded 8.49 million shares and mutual fund units with a value of BDT 654 million.