Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished higher on Tuesday, after witnessing a flat session in the previous day, as investors took position on sector specific stocks amid optimism.
The market started with an upward trend and the key index of the premier bourse rose around 37 points within first hour of trading, but mid-session profit booking wiped off some early gain, ultimately closed above 28 points higher.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 28.80 points or 0.61 percent to finish at 4,750.21 over the previous day.
The DSE Shariah Index (DSES) advanced 2.22 points or 0.19 percent to close at 1,129.68 points.
However, the DS30 comprising blue chips fell 1.10 points or 0.06 per cent to settle at 1,764.20 points.
Turnover, the important indicator of the market, also improved further and amounted to BDT 6.56 billion, which was 7.54 percent higher than the previous day’s turnover of BDT 6.10 billion.
The gainers took a strong lead over the losers as out of 319 issues traded, 176 closed higher, 97 closed lower and 46 remained unchanged on the DSE trading floor.
BATBC dominated the DSE turnover chart for the two consecutive sessions with shares worth BDT 259 million changing hands, followed by AB Bank BDT 185 million, Bangladesh Building Systems BDT 182 million, CMC Kamal BDT 159 million and GrameenPhone BDT 154 million.
Dragona Sweater was the day’s best performer, posting a gain of 9.83 percent, while Paramount Textile was the worst loser, slumping by 9.68 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), finished higher with its Selective Categories Index- CSCX – advancing 43.96 points to settle at 8,893.22 points.
Gainers beat losers as 129 issues closed higher, 88 closed lower and 32 remained unchanged on the CSE.
The port city bourse traded 16.11 million shares and mutual fund units’ worth nearly BDT 368 million in turnover.