Bangladesh’s stocks close positive

Last updated: March 11, 2014

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed positive Tuesday amid choppy trading with turnover dropped further as investors were remained cautious.

DSEX, the prime index of the Dhaka Stock Exchange ended at 4,672.63 points, gaining 7.07 points or 0.15 per cent.

However, the other two indices ended into the red. The DS30, comprising blue chips lost 0.01 points to close at 1,681.23 points. The DSE Shariah Index (DSES) went down by 1.04 points or 0.10 per cent to close at 1,011.70 points.

Turnover value on DSE came down to BDT 3.36 billion, registering 16.20 per cent decline over the previous session’s value.

The gainers took a lead over the losers as out of 288 issues traded, 164 advanced, 86 declined and 38 issues closed unchanged on the DSE floor.

Padma Oil became the top turnover leaders with shares worth BDT 231.10 million changing hands followed by Square Pharma, Singer BD, Meghna Petroleum and Lafarge Surma Cement.

Desh Garment was also the day’s highest gainer; posting a rise of 9.82 per cent while Singer BD was the day’s worst losers, slumping by 17.42 per cent following its price adjustment after record date.

The port city bourse --- the Chittagong Stock Exchange (CSE) also managed to close positive with its Selective Categories Index – CSCX gained 14.22 points to close at 9,153.29 points.

Gainers beat losers 96 to 87, with 30 issues remaining unchanged at the port city bourse that traded 6.39 million shares and mutual fund units, turnover value of BDT 314.99 million.

BBN/SSR/AD-11Mar14-3:59 pm (BST)

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