Dhaka, Bangladesh (BBN)-Bangladesh’s stocks turnover crossed BDT 10billion-mark after eight months, spurred by fresh fund injection.
The total turnover amounted to BDT 10.02 billion, which was 27 percenthigher than the previous session’s BDT 7.88 billion. It was also thehighest turnover since October 14, last year, when it was BDT 10.97billion.
Brokers said budgetary expectations coupled with further cut on banks’ deposit interest rate promoted investors to pour funds on stocks,leading to higher turnover.
Strong buying binge also pushed up the stocks for the secondconsecutive session.
DSEX, the prime index of the Dhaka Stock Exchangefinished at 4,623.63 points, rising 37.67 points or 0.80 percent.
The two other indices also ended higher. The DS30 index, comprisingblue chips, gained 7.94 points or 0.45 percent to close at 1,765.96points while DSE Shariah Compliance Index – DSES—rose 5.95 points or 0.48 percent to end at 1,118.74 points.
Gainers took a modest lead over the losers as out of 319 issues traded, 155 advanced, 116 declined and 48 remained unchanged on the DSE floor.
Khulna Power Company Ltd (KPCL) was the day’s top turnover leader with shares worth Tk 1.03 billion changing hands followed by Summit Power, GP, Beximco and Saif Powertec.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index – CSCX – gained 8.89 points to close at 8,663 points.
Gainers beat losers, 113 to 96, with 32 issues remaining unchanged atthe port city bourse that traded 21.11 million shares and mutual fund units, turnover value of BDT 767.24 million.
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