Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended the winning streak for the fourth session on Sunday with key index of the Dhaka Stock Exchange (DSE) crossing the 5,500-mark.
DSEX, the prime index of the DSE, went up by 80.24 points or 1.47 percent to finish at 5,522 points.
The market opened on steep rise and the upward trend continued till end of the session with no sign of reversal, finally ended higher.
Analysts said investors continued their buying spree riding on the news that the deposit and lending rates of the banks would be slashed from July 1.
Two other indices of the DSE also ended higher. The DS30 index, comprising blue chips, rose 28.61 points to finish at 2010 and the DSE Shariah index soared 15 points to close at 1,278.
Of the traded issues, 193 closed higher, 100 closed lower and 47 remained unchanged on the DSE trading floor.
United Power was the most traded stocks on the DSE turnover chart with shares worth BDT 247 million changing hands, closely followed by IFAD Autos, Paramount Textile, Grameenphone and Alif Industries.
LankaBangla Finance was the day’s best performer, posting a gain of 9.98 per cent while the Atlas Bangladesh was the worst loser, losing 9.23 per cent.
The port city’s bourse, CSE, also ended higher with its CSE All Share Price Index – CASPI- gaining 201 points to settle at 16,987.
CSCX, the Selective Categories Index of the CSE, also rose 118 points to finish at 10,274.
The gainers beat the losers as 140 issues closed higher, 87 ended lower and 24 issues remained unchanged on the CSE.
The port city’s bourse traded 14.27 million shares and mutual fund units worth more than BDT 562 million in turnover.
No Subscription? You Are Missing Out!
Join the business leaders of Bangladesh who rely on BBN's original reporting and in-depth analysis on business scenario of the country. We send only one daily email. No Spam Guaranteed!