Bangladesh’s stocks edge higher

Last updated: July 7, 2013

Dhaka, Bangladesh (BBN): The market ended marginally higher on Sunday as investors’ confidence remained high.

The General Index of the Dhaka Stock Exchange (DGEN) ended at 4,558.67 points, gaining 16.35 points or 0.35 per cent.

The DSEX went up by 7.67 points or 0.17 per cent to close at 4,278.09 points while the blue chip index DS30 gained 4.37 points or 0.27 per cent to close at 1,599.14 points.

Total turnover at DSE stood at BDT 8.58 billion, down by 6.0 per cent over the previous session’s value.

The gainers took a modest lead over the losers as out of 289 issues traded, 165 advanced, 112 declined and 12 remained unchanged in the primer bourse.

Bangladesh Submarine Cable Company became the top turnover leaders with shares worth BDT 417.10 million changing hands.

JMI Syringes and Medical Devices was the day’s highest gainer, posting a rise of 10 per cent while on Beacon Pharma  was day’s worst loser, slumping by 5.97 per cent.

The Chittagong Stock Exchange (CSE) also ended marginally higher with the Selective Categories Index gained 29.50 points to close at 8,413.18 points.

Gainers beat losers 110 to 90, with 13 issues remaining unchanged on the port city bourse that traded 17.56 million shares and mutual fund units, turnover value of BDT 649.40 million.

BBN/BB/AD/7July-13-5.30pm (BST).

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