Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed slightly higher on Monday, breaking the losing streak of last six consecutive sessions as opportunist investor took position on lucrative stocks.
The market opened with a positive note which sustained throughout the session amid modest see-saw trend.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 4,626.22 points, gaining only 1.27 points or 0.02 percent.
The two other indices also closed in green.
The DS30 index, comprising blue chips gained 2.36 points or 0.13 percent to close at 1,714.66 points.
The DSE Shariah Index (DSES) advanced 2.59 points or 0.23 percent to close at 1,105.75 points.
Turnover on the DSE also improved slightly and amounted to BDT 2.79 billion, registering an increase of 12.04 percent over the previous session’s value of BDT 2.49 billion.
The losers took a modest lead over the gainers as out of 302 issues traded, 137 declined and 132 advanced while 33 remained unchanged on the DSE floor.
Shahjibazar Power Company continued to the most traded stock with shares worth BDT 166.92 million changing hands followed by Shasha Denims, SIBL, GP and IFAD Autos.
The port city bourse, Chittagong Stock Exchange (CSE) also closed in green with its Selective Categories Index – CSCX- gained 1.31 points to close at 8,618.72 points.
Gainers beat losers 109 to 91, with 25 issues remaining unchanged at the port city bourse that traded 7.11 million shares and mutual fund units, turnover value of BDT 261.25 million.
BBN/BB/AD-09Mar15-3:30pm (BST)