BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed yet another bullish session on Thursday, extending the winning streak for the fourth straight session, riding on bank shares.

Brokers said the market extended the winning streak as investors continued to show their buying spree on banking sector and prices of 23 banks closed higher, out of 30 listed banks.

The market opened higher and the upbeat trend sustained till end of the session with no sign of reversal, finally ended more than 34 points higher.

DHAKA STOCK EXCHANGE:

The prime index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, went up by 34.49 points or 0.56 percent to settle at 6,193 points.

The two other indices – the DS30 index and the DSE Shariah Index (DSES) – also followed the suit to close at 2,244 and 1,341 points, after advancing 14.22 points and 4.43 points respectively.

Turnover, a crucial indicator of the market, stood at BDT 8.70 billion on the country’’ premier bourse, climbing further by 14 percent over previous day’s mark of BDT 7.65 billion.

Losers, however, took a modest lead over the gainers as out of 325 issues traded, 140 closed lower, 130 closed higher and 55 remained unchanged on the DSE trading floor.

City Bank dominated the turnover chart for the second day in a row with 10.35 million shares of BDT 553 million changing hands, closely followed by Dhaka Bank, LankaBangla Finance, Brac Bank and Keya Cosmetics.

Reckitt Benckiser was also the day’s best performer, posting a gain of 6.24 percent while Qasem Drycells was the day’s worst loser, plunging by 12.35 percent.

CHITTAGONG STOCK EXCHANGE:

The port city bourse Chittagong Stock Exchange (CSE) also ended higher with its Selective Categories Index – CSCX –gaining more than 62 points to close at 11,618.

Losers beat gainers as 113 issues closed lower, 97 closed higher and 37 remained unchanged on the CSE.

The port city bourse traded 16.04 million shares and mutual fund units worth BDT 483 million in turnover.

BBN/SS/AD