Bangladesh’s stocks close higher for third day

Last updated: June 25, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged marginally higher on Wednesday for the third running session as investors continued on buying mood on large-cap stocks.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), closed above the 4,400 ‘psychological’ level to 4,403.64 points, gaining 10.70 points or 0.24 percent.

The DS30, comprising blue chips gained 4.94 points or 0.30 percent to close at 1,619.32 points while the DSE Shariah Index (DSES) moved up by 6.48 points or 0.64 percent to close at 1,007.24 points.

DSE turnover crossed BDT 3.0 billion mark after 6-session and amounted to BDT 3.38 billion, which was 20.72 percent higher compared to previous session’s value.

Out of 297 issues traded, 200 advanced, 73 declined and 24 remained unchanged on the DSE floor.

Lafarge Surma Cement was the most traded stocks with shares worth BDT 254.45 million changing hands followed by, GP, Square Pharma, BSCL and Beximco.

Wata Chemicals was the day’s highest gainer, posting a rise of 8.72 percent while Samata Leather Complex was the day’s worst loser, slumping by 4.18 percent.

The port city bourse, Chittagong Stock Exchange (CSE), also closed marginally higher with its Selective Categories Index – CSCX – gained 20.28 points to close at 8,401.30 points.

Gainers beat losers 132 to 52, with 24 issues remaining unchanged at the port city bourse that traded 8.22 million shares and mutual fund units, turnover value of BDT 259.14 million.

BBN/BB/ANS-25June14-3:40pm (BST)

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