Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended higher on Tuesday with increasing turnover as some enthusiastic investors took position on large-cap stocks amid optimism.
Market insiders said the investors managed to overcome fear of market fall following two terror attacks and killings, while most of the investors joined in the market after Eid vacation.
After witnessing volatility in the first 30 minutes, rest of the session rose steadily, eventually ended higher after two days turmoil.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,544.71, surging 39.54 points or 0.88 percent.
The two other indices also ended higher. The DS30 index, comprising blue chips, advanced 15.32 points or 0.87 percent to settle at 1,772.15 points.
The DSE Shariah Index (DSES) also rose 9.59 points or 0.87 percent to close at 1,116.11 points.
The gainers took a strong lead over the losers as out of 323 issues traded, 203 closed higher, 71 lower and 49 remained unchanged on the DSE trading floor.
ACI Formulations dominated the turnover chart with shares worth nearly BDT 192 million changing hands, followed by ACME Laboratories, Islami Bank, Square Pharmaceuticals and Aman Feed.
Exim Bank First Mutual Fund was the day’s best performer, posting a rise of 9.83 percent, while SEML Lecture Equity Management Fund was the worst loser, plunging by 5.73 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index- CSCX – advancing 52.32 points to finish at 8,467.06 points.
Gainers beat losers 142 to 72, with 39 issues remaining unchanged on the port city bourse that traded 9.62 million shares and mutual fund units with a value of BDT 220 million.