Dhaka, Bangladesh (BBN)–Bangladesh’s stocks ended higher for the third running sessions on Thursday with higher turnover as investors continued on buying spree following the securities regulator’s latest move.
The market opened with an optimistic note, which sustained till close the session amid growing optimism.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 32.43 points or 0.79 percent to close at 4,122.32 points.
The two other indices also ended higher.
The DS30 index, comprising blue chips gained 9.51 points or 0.61 percent to close at 1,558.20 points.
The DSE Shariah Index (DSES) advanced 1.83 points or 0.18 percent to close at 1,010.40 points.
Turnover also crossed BDT 4.0 billion-mark on the DSE and amounted to BDT 4.19 billion, which was 15 percent higher compared to previous session’s BDT 3.64 billion.
The gainers took a modest lead over the losers as out of 309 issues traded, 189 advanced, 90 declined and 30 remained unchanged on the DSE floor.
United Power Generation and Distribution Company continued to dominate the top turnover chart with shares worth BDT 489.38 million changing hands followed by ACI Formulations, ACI, IFAD Autos and BSCCL.
Confidence Cement was the day’s top gainer, posting a rise of 9.95 percent while Mercantile Bank was the day’s worst loser, plunging by 7.89 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index – CSCX – gained 57 points to close at 7,717 points.
Gainers beat losers 136 to 78, with 24 issues remaining unchanged at the port city bourse that traded about 20 million shares and mutual fund units with a turnover value of BDT 476 million.