Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended their winning spell for the two consecutive days on Tuesday as investors took position on lucrative stocks amid optimism.
Brokers said the market managed to close higher after witnessing see-saw movement as investors were active both sides of trading fence.
DSEX advanced 29 points while the Selective Category Index of port city bourse added 45.48 points at the closing.
After witnessing volatile trading throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 5,392.10, advancing 29 points or 0.54 per cent over the previous day.
The two other indices also edged higher.
The DS30 index, comprising blue chips advanced 5.41 points or 0.27 per cent to settle at 1,967.26 points.
The DSE Shariah Index (DSES) gained 3.78 points or 0.30 per cent to close at 1,261.08 points.
Turnover, the important indicator of the market, rose to BDT 6.20 billion, which was 7.64 per cent higher than the previous day’s BDT 5.76 billion.
The gainers took a strong lead over the losers as out of 326 issues traded, 180 advanced, 107 declined and 39 remained unchanged on the DSE floor.
Pacific Denims, which made debut trading today, dominated the turnover chart with 22.75 million shares worth BDT 627 million changing hands, followed by ACI Formulations, Central Pharmaceuticals, Islami Bank and Beximco.
ICB AMCL Second Mutual Fund was the day’s top gainer, positing a rise of 8.0 per cent while Dulamia Cotton was the worst loser, slumping by 5.88 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index – CSCX – advancing 45.48 points to settle at 10,090.84.
Gainers beat losers as 128 issues closed higher, 89 closed lower and 20 remained unchanged on the CSE.
The port city bourse traded 16.14 million shares and mutual fund units’ worth above BDT 444 million in turnover.