Bangladesh’s stocks edged marginally higher

Last updated: March 14, 2013

Dhaka, Bangladesh (BBN): Dhaka stocks ended higher for the third running session on Thursday while Chittagong stocks closed flat with declining turnover value as most investors observed the market situation.

The General Index of the Dhaka Stock Exchange ----DGEN ended at 3,935.96 points, gaining 10.74 points or 0.27 per cent.

The DSE Broad Index (DSEX), the benchmark index of the DSE went up by 9.69 points or 0.25 per cent to close at 3,845.80 points. The DSE-30 Index (DS30) also advanced 6.57 points or 0.46 per cent to close at 1,411.88.

The turnover on the premier bourse came down to BDT 1.72 billion which was 12.69 per cent from previous session’s BDT 1.97 billion.

Of the 267 issues traded on the DSE, 106 advanced, 119 declined and 42 remained unchanged.

Unique Hotel and Resorts was the most traded stocks with shares worth BDT 116.09 million changing hands. Summit Purbanchol Power Company, Premier Cement, United Airways and Global Heavy Chemical were the day’s next popular stocks.

Modern dyeing was also the day’s top gainer, posting a rise of 9.41per cent while Eastland Insurance was the day’s worst loser, slumping by 23.30 per cent following its price adjustments after record date.

The Chittagong Stock Exchange (CSE) also closed flat with the Selective Categories Index of the CSE declined 0.34 points to close at 7,601.18 points.

Losers beat gainers 49 to 111 with 15 issues remaining unchanged on the port city bourse that traded 5.75 million share and mutual fund units, generating BDT 213.75 million in turnover.

BBN/BB/AD/14Mar-13-3.45pm (BST).

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