Bangladesh’s stocks break 9-day losing streak

Last updated: July 14, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the green on Monday, snapping a nine-day fall as investors took position on lucrative price level stocks.

DSEX, the prime index of the Dhaka Stock Exchange (DSEX), ended at 4,376.89 points, gaining 32.53 points or 0.74 percent.

The DS30, comprising blue chips gained 11.21 points or 0.70 percent to close at 1,606.48 points.

The DSES gained 7.85 points or 0.79 percent to close at 998.12 points.

DSE turnover stood at BDT 1.86 billion, which was 24 percent higher compared to previous session’s 9-month lowest value of BDT 1.50 billion.

Out of 291 issues traded, 193 advanced, 56 declined and 42 remained unchanged on the DSE floor.

Beximco Limited was the most traded stock with shares worth BDT 226.56 million changing hands followed by GP, Square Pharma, Olympic and Appollo Ispat.

Fine Foods was the day’s highest gainer, posting a rise of 8.55 percent while Midas Financing was the day’s worst loser, slumping by 7.55 percent.

The port city bourse, Chittagong Stock Exchange (CSE), also ended in positive zone with its Selective Categories Index – CSCX – gained 43.61 points to close at 8,336.71 points.

Losers beat gainers 113 to 51, with 25 issues remaining unchanged at the port city bourse that traded 4.65 million shares and mutual fund units, turnover value of BDT 141.77 million.

 BBN/BB/SS-14July14-2:50pm (BST)

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