midday business round up

Bangladesh’s stocks edge up amid thin turnover

Last updated: December 30, 2015

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks inched up on Wednesday with falling turnover as most of the investors remained followed cautious stance ahead of year-end account closing.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced upward trend.
The key index of Dhaka Stock Exchange (DSE) advanced 8.10 points while the port city bourse Chittagong Stock Exchange (CSE) also earned 3.09 points at the closing.
DHAKA STOCK EXCHANGE:
The prime index of the of Dhaka Stock Exchange (DSE) crossed the 4,600 level and settled the day at 4,604.91 points, after advancing 8.10 points or 0.17 per cent.
The DSE Shariah Index (DSES) inched up by 2.04 points or 0.18 per cent to finish at 1,104.62.
However, the DS30 index, comprising blue chips, lost a fractional of 0.77 points or 0.04 per cent to end at 1,741.59.
Turnover, another important indicator of the market, also came down to BDT 3.90 billion, which was 5.9 percent lower than the previous session’s BDT 3.90 billion.
The gainers took a modest lead over the losers as out of 316 traded issues, 147 closed higher, 122 higher and 47 remained unchanged on the DSE trading floor.
Singer BD dominated the turnover chart with shares of BDT 133 million changing hands followed by Quasem Drycells, Beximco Pharma, Beximco and BSRM Steels.
Prime Textile was the day’s best performer, posting a rise of 7.89 per cent while Samata Leather was the worst loser, plunging 5.70 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed in green with its Selective Categories Index – CSCX – gaining 3.09 points to end at 8,536.57.
Gainers beat losers 100 to 98, with 38 issues remaining unchanged on the port city bourse that traded 6.59 million shares and mutual fund units with a value of BDT 206 million.
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