Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended slightly higher on Sunday with choppy trading.
Both the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) began the day with upward trend and continued it throughout the session.
Key index of Dhaka Stock Exchange gains 11.23 points and selective index of Chittagong Stock Exchange rises 25.95 points to an end the opening day of the week with choppy trading as investors rebalanced their portfolios ahead of third quarter earnings declaration.
DHAKA STOCK EXCHANGE:
The benchmark index of the Dhaka Stock Exchange –DSEX — went up by 11.23 points or 0.23 percent to settle at 4,830.68, after four hours trading.
The DS30 index, comprising blue chips, gained 2.67 points or 0.14 percent to finish at 1,850.79.
However, the DSE Shariah Index (DSES) fell 0.78 points or 0.06 percent to end at 1,185.89.
DSE turnover, however, plunged to BDT 4.18 billion, which was 18.68 percent lower than the previous day’s one month highest turnover of BDT 5.14 billion as many investors reluctant to inject fresh funds ahead of Eid vacation.
Only two trading sessions are left ahead of Eid vacation as bourses will remained closed for five days – September 23 to September 27 — on the occasion of Eid-ul-Azha.
The losers also took a marginal lead over the gainers as out of issues traded 316 issues traded, 145 closed lower, 133 higher and 38 remained unchanged on the DSE trading floor.
IFAD Autos dominated the turnover chart with shares of BDT 184 million changing hands followed by Islami Bank, BSRM Steels, Beximco Pharma and United Power generation & Distribution Company.
Power Grid Company was the day’s best performer, posting a rise of 6.52 percent while Saiham Textile was the day’s worst loser, plunging by 9.60 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also edged higher with its Selective Categories Index – CSCX – gained 25.95 points to end at 9,12.42.
Gainers beat losers 116 to 109, with 18 issues remained unchanged on the port city bourse that traded 11.27 million shares and mutual fund units with a value of BDT 395 million.