Bangladesh’s stocks edge up amid bumpy ride

Last updated: July 11, 2016

Dhaka, Bangladesh (BBN)- Bangladesh’s stocks returned to the green on Monday with volatile trading as most of the investors remained followed cautious stance.
Brokers said the market witnessed volatility as the retail investors remained worried following recent terror attracts in Bangladesh, while many investors are yet to join in the market after nine-day long Eid vacation.
After witnessing high volatility throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,505.17, advancing 9.98 points or 0.22 per cent, after losing 12.39 points in the previous session.
The DSE Shariah Index (DSES) also advanced 1.98 points or 0.17 per cent to close at 1,106.51. However, the DS30 index, comprising blue chips, fell 2.73 points or 0.15 per cent to settle at 1,756.82.
The losers took a strong lead over the gainers as out of 323 issues traded, 187 closed lower, 89 higher and 47 remained unchanged on the DSE trading floor.
Square Pharmaceuticals dominated the turnover chart with shares worth nearly Tk 136 million changing hands, followed by National Feed Mills, Lafarge Surma Cement, Linde BD and City Bank.
PHP First Mutual Fund was the day's best performer, posting a rise of 8.89 per cent, while Zeal Bangla Sugar Mills was the worst loser, plunging by 8.89 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed slightly higher with its Selective Categories Index- CSCX – advancing 27.08 points to finish at 8,414.74 points.
Gainers beat losers 154 to 62, with 28 issues remaining unchanged on the port city bourse that traded 7.19 million shares and mutual fund units with a value of BDT 149 million.

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