Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended higher for the second consecutive sessions on Tuesday, with increased turnover as pre-Eid sale pressure waned.
Meanwhile, trading on Bangladesh’s stock markets will remain closed from July 1 to July 9 on the occasion of Eid-ul-Fitr, the biggest religious festival of the Muslims, leaving only two trading sessions are left.
The market opened with a positive note and upward trend sustain till end of the session. At the end of the session, DSEX, the prime index of the DSE, finished at 4,451.36, gaining 38.54 points or 0.87 percent.
The two other indices also ended higher. The DS30 index, comprising blue chips, advanced 13.78 points or 0.79 percent to settle at 1,740.14 points.
The DSE Shariah Index (DSES) also rose 9.68 points or 0.89 percent to close at 1,095.53 points.
Turnover, an important indicator of the market, also rose to BDT 3.89 billion, which was 10.51 percent higher than the previous day’s BDT 3.52 billion.
The gainers took a strong lead over the losers as out of 320 issues traded, 200 closed higher, 72 lower and 48 remained unchanged on the DSE trading floor.
ACME Laboratories dominated the turnover chart for the second day in a row with 1.54 million shares worth nearly BDT 181 million changing hands, followed by Keya Cosmetics, Islami Bank, GP and Square Pharma.
Gemeni Sea was also the day’s best performer, posting a rise of 7.24 percent, while Central Insurance was the worst loser, plunging 3.82 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index- CSCX — advancing 82.93 points to finish at 8,306.63 points.
Gainers beat losers 153 to 50, with 41 issues remaining unchanged on the port city bourse that traded 7.74 million shares and mutual fund units with a value of BDT 193 million.