Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their gaining streak for the nine consecutive sessions on Thursday as investors remained upbeat on fundamental stocks amid growing optimism.
The market opened higher in the morning and the upward trend sustained throughout the session.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 4,800-mark after five months and settled at 4,808.39, after gaining 66.41 points or 1.40 per cent.
The two other indices also closed higher.
The DS30 index, comprising blue chips, rose 31.39 points or 1.68 percent to finish at 1,888.83.
The DSE Shariah Index (DSES) advanced 23.98 points or 2.04 percent to close at 1,195.22.
Buoyant trading continued at the DSE as the turnover crossed BDT 8.0 billion-mark after two months which was 14 per cent higher than the previous day’s BDT 7.15 billion.
The market breadth remained positive as out of 316 issues traded, 177 closed higher, 100 lower and 39 remained unchanged on the DSE trading floor.
Lafarge Surma Cement was the day’s top turnover leader with shares of BDT 677 million changing hands followed by Square Pharma, RAK Ceramics, ACI and KPCL.
Al-Haj Textile was the day’s best performer, posting a rise of 9.98 per cent while ICB First NRB First Mutual Fund was the day’s worst loser, plunging by 5.26 percent.
The port city bourse Chittagong Stock Exchange (CSE) closed higher with its Selective Categories Index – CSCX – gained 121.33 points to close at 8,969.63.
The gainers took a lead over the losers as out of 265 issues traded, 148 advanced, 74 declined and 43 remained unchanged at the port city bourse.
A total of 13 million shares and mutual fund units changed hands with a value of BDT 518 million.