Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged higher on Thursday, the last trading session of the week, as late slate pressure offsets most of the early gains.
The market began positively in the morning, gaining around 44 points within first two hours and key index of the major bourse crossed 4700-mark, could not sustain that level as investors booked profit.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh and Chittagong Stock Exchange, the port city bourse of the country opened with a high note and the positive trend sustain till end of the session.
The key index of Dhaka Stock Exchange (DSE) gained 8.89 points while the port city bourse Chittagong Stock Exchange (CSE) rose 2.90 points by the end of the session.
The benchmark index of the Dhaka Stock Exchange (DSE) went up by 8.89 points or 0.18 per cent to settle at 4,694.95 points.
The DS30 index, comprising blue chips, saw a fractional gain of 0.90 point or 0.05 per cent to finish at 1,761.10 points.
However, The DSE Shariah Index dropped 3.76 points or 0.33 per cent to close at 1,118.94 points.
Turnover value came down to BDT 6.92 billion, which was 7.0 percent lower than the previous session’s five months’ high turnover of BDT 7.44 billion.
The gainers took a modest lead over the losers as out of 325 issues traded, 168 closed higher, 135 lower and 22 issues remained unchanged on the primer bourse.
United Power Generation & Distribution Company dominated the turnover chart for the seven running sessions with shares worth BDT 220 million changing hands followed by Golden Son, BD Thai Aluminium, City Bank and IT Consultants.
Tallu Spinning was the day’s best performer, posting a rise of 9.94 percent following its category change news while Miracle Industries was the worst loser, plunging 5.08 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also inched higher with its Selective Categories Index, CSCX, advancing 2.90 points to finish at 8,737.82 points.
Gainers beat losers as 121 issues advanced, 112 declined and 29 remained unchanged on the CSE.
The port city bourse traded 20.72 million shares and mutual fund units worth BDT 503 million in turnover.