Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged higher on Monday after witnessing volatility throughout the session as investors went on last hour buying spree.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh and Chittagong Stock Exchange, the port city bourse of the country opened with a positive mood and the upward trend sustain till end of the session.
The key index of Dhaka Stock Exchange (DSE) advanced 12.37 points while the port city bourse Chittagong Stock Exchange (CSE) earned 25.07 points at the closing.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 12.37 or 0.26 per cent to settle at 4,687.20, after experiencing volatility throughout the session.
The DSE Shariah Index advanced 3.69 points or 0.33 per cent to close at 1,121.97.
However, the DS30 index, comprising blue chips, saw a fractional loss of 0.16 point to finish at 1,753.55.
Turnover on the DSE stood at BDT 6.19 billion, which was nearly 21 per cent higher than the previous session’s BDT 5.12 billion.
The gainers took a strong lead over the losers as out of 324 issues traded, 200 closed higher, 93 lower and 31 issues remained unchanged on the primer bourse.
Emerald Oil Industries dominated the turnover chart for the second straight session with shares worth BDT 218 million changing hands followed by GPH Ispat, United Power, Saif Powertec and Golden Son.
CMC Kamal was the day’s best performer, posting a rise of 10 percent while the new mutual fund Vanguard AML BD Finance Mutual Fund One was the worst loser, plunging 6.15 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also returned to the green with its Selective Categories Index, CSCX, advancing 25.07 points or 0.29 per cent to finish at 8,713.76.
Gainers beat losers as 149 issues closed higher, 83 lower and 22 remained unchanged on the CSE.
The port city bourse traded 16.69 million shares and mutual fund units worth BDT 409 million in turnover.