Dhaka, Bangladesh (BBN)– Bangladesh’s Stocks extended their winning streak for the third running session on Thursday as investors continued their buying spree on large-cap stocks.
Turnover value on the Dhaka Stock Exchange (DSE) also hit a fresh seven months high on Thursday amid investors’ positive expectations as banks will bring down their interest rates to single digit from July 1.
Daily turnover value soared to BDT 8.58 billion, registering an increase of 27 percent over the previous day’s value of BDT 6.76 billion.
It was the highest turnover since BDT 9.28 billion on November 27, last year.
Along with increasing turnover, the prime index of the DSEX, the prime index of the DSE, went up by 56.88 points or 1.05 percent to finish at 5,441.
Two other indices of the DSE also ended higher. The DS30 index, comprising blue chips, gained 27 points to finish at 1,981 and the DSE Shariah index rose 13 points to close at 1,263.
Of the traded issues, 188 closed higher, 110 closed lower and 42 remained unchanged on the DSE trading floor.
Grameenphone was the most traded stocks on the DSE turnover chart with shares worth BDT 491 million changing hands, closely followed by Alif Industries, Khulna Power Company, Paramount Textile and United Power.
GQ Ball Pen was the day’s best performer, posting a gain of 9.98 percent while the Janata Insurance was the worst loser, losing 9.27 percent.
The port city’s bourse, CSE, also ended higher with its CSE All Share Price Index – CASPI- rising 183 points to settle at 16,786.
CSCX, the Selective Categories Index of the CSE, also rose 113 points to finish at 10,156.
The gainers beat the losers as 148 issues closed higher, 62 ended lower and 32 issues remained unchanged on the CSE.
The port city’s bourse traded 7.88 million shares and mutual fund units worth more than BDT 410 million in turnover.