midday business round up

Bangladesh’s stocks edge higher

Last updated: August 27, 2015

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged slightly higher for the second session on Thursday as investors remained followed cautious stance following global turmoil.
The market opened with a positive note which sustained till closed the session.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 7.16 points or 0.14 per cent to settle the week at 4,812.82.
The two other indices also edged in green zone.
The DS30 index, comprising blue chips, gained 2.91 points or 0.15 percent to finish at 1,840.88.
The DSE Shariah Index (DSES) advanced 3.03 points or 0.25 per cent to end at 1,186.70.
DSE turnover stood at BDT 4.21 billion, which was 2.32 per cent lower than the previous session’s BDT 4.31 billion.
The gainers took a modest lead over the gainers as out of issues traded 322 issues traded, 160 closed higher, 105 higher and 57 remained unchanged on the DSE trading floor.
Square Pharma dominated the day’s turnover chart with shares of BDT 295 million changing hands followed by Islami Bank, Titas Gas, Shahjibazar Power Compnay and Lafarge Surma Cement.
Standard Ceramics was the day’s best performer, posting a rise of 9.76 per cent while Kay & Que was the day’s worst loser, plunging by 6.61 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed in green with its Selective Categories Index – CSCX – gained 8.74 points to end the week at 8,970.61.
Gainers beat losers 103 to 99, with 41 issues remained unchanged on the port city bourse that traded 9.12 million shares and mutual fund units with a value of BDT 298 million.
BBN/BB/SK

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