Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended higher for the second session in a row on Thursday as optimistic investors took position on some large-cap stocks.
Meanwhile, only five trading sessions are left before Eid vacation as trading on bourses will remain closed for five days from September 9 to September 13 on the occasion of Eid-ul-Azha including weekly holidays.
The market started with a upward note which sustained till end of the session with no sign of reversal, eventually ended marginally higher.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 22.46 points or 0.49 percent to, finishing the week at 4,549.04 points.
The two other in indices also edged higher. The DS30 comprising blue chips advanced 9.26 points or 0.53 percent to settle at 1,744.62 points.
The DSE Shariah Index (DSES) also gained 5.85 points or 0.53 percent to close at 1,103.03 points.
Turnover, the important indicator of the market, came down to BDT 4.07 billion, which was 0.50 percent lower than the previous day’s BDT 4.09 billion.
The gainers took a strong lead over the losers as out of 318 issues traded, 159 closed higher, 95 closed lower and 64 remained unchanged on the DSE trading floor.
Shahjibazar Power Company dominated the turnover chart with shares worth over BDT 282 million changing hands, followed by MJL Bangladesh, Doreen Power Generations and Systems, Trust Bank and National Tubes.
Prime Insurance Company was the day’s best performer, posting a rise of 8.39 percent, while ICB AMCL 2nd Mutual Fund was the worst loser, plunging by 10 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) ended higher with its Selective Categories Index- CSCX –advancing 40.34 points to finish at 8,502.49 points.
Gainers beat losers 135 to 68, with 48 issues remaining unchanged on the port city bourse that traded nearly 7.46 million shares and mutual fund units with a value of nearly BDT 210 million.