Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended higher on Thursday, after remaining flat in the past three sessions, as investors went on buying spree amid budgetary expectations.
Both bourses — the prime bourse Dhaka Stock Exchange (DSE) and the port city bourse Chittagong Stock Exchange started with a positive note which continued till end of the session.
The key index of the Dhaka Stock Exchange (DSE) advanced 24.29 points, while the selective category index of Chittagong Stock Exchange (CSE) earned 45.93 points at the closing.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,446.08, gaining 24.29 points or 0.55 per cent.
The DS30 index, comprising blue chips, advanced 15.06 points or 0.86 per cent to finish at 1,761.18.
The DSE Shariah Index (DSES) rose 5.43 points or 0.49 per cent to end at 1,096.98.
Turnover, an important indicator of the market also improved, hitting three weeks high to BDT 4.93 billion on the DSE, which was 38 per cent higher than the previous day’s BDT 3.58 billion.
Gainers took a strong lead over the losers, as out of 318 issues traded, 167 closed higher, 96 closed lower and 55 remained unchanged on the DSE trading floor.
Shahjibazar Power Company dominated the turnover chart with 2.10 million shares worth nearly BDT 285 million changing hands, followed by Beximco BDT 210 million, United Airways BDT 179 million, Lafarge Surma Cement BDT 174 million and Titas Gas Transmission and Distribution Company BDT 168 million.
Rupali Life Insurance was the day’s best performer, posting a gain of 7.14 per cent, while Modern Dyeing and Screen Printing was the worst loser, plunging by 5.53 per cent.
The port city bourse Chittagong Stock Exchange (CSE) closed higher with its Selective Categories Index- CSCX – advancing 45.93 points to close at 8,329.70 points.
Gainers beat losers 113 to 76, with 41 issues remaining unchanged on the port city bourse that traded 13.03 million shares and mutual fund units with a value of over BDT 387 million.