Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed higher for the second consecutive sessions on Tuesday as the investors remained on buying mood amid optimism.
The Finance Minister’s proposal to extend timeframe of banks’ capital market over-exposure adjustment by two more years has created a positive impact in the market.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced upward trend.
The key index of Dhaka Stock Exchange (DSE) gained 20.54 points and the port city bourse Chittagong Stock Exchange (CSE) earned 82.32 points.
The market started with a positive note and the upward momentum continued till end of the session. At the end of the session, the benchmark index of the Dhaka Stock Exchange (DSE) rose 20.54 points or 0.45 per cent to end at 4,496.35 points.
The DS30 index, comprising blue chips, went up by 8.55 points or 0.50 per cent to end at 1,707.91.
The DSE Shariah Index (DSES) advanced 4.99 points or 0.46 per cent to finish at 1,083.39 points.
DSE turnover dropped to BDT 4.02 billion, which was 4.5 percent lower than the previous day’s two weeks high turnover of BDT 4.21 billion.
The gainers took a modest lead over the losers as out of 306 traded issues, 161 closed higher, 107 lower and 38 remained unchanged on the DSE trading floor.
Saif Powertec dominated the top turnover list with shares of BDT 318 million changing hands followed by IFAD Autos, Beximco Pharma, Olympic Industries and CVO Petrochemical Refinery.
Apex Tannery was the day’s best performer, posting a rise of 9.98 per cent while Zaneen Spinning was the day’s worst loser, plunging 6.82 per cent.
The port city bourse Chittagong Stock Exchange (CSE) closed higher with its Selective Categories Index- CSCX- gaining 36.40 points to end at 8,347.25.
Gainers beat losers 123 to 73, with 39 issues remaining unchanged on the port city bourse that traded 7.89 million shares and mutual fund units with a value of BDT 268 million.