Dhaka, Bangladesh (BBN) - Bangladesh’s stocks ended high on Monday as investors showed interest on sector-specific scrips, market operators said.
The prime index of the Dhaka Stock Exchange (DSE) increased 25.41 points to settle at 5,760.39.
The blue-chip index DS30, a group of 30 prominent companies, saw a 2.16-point increase to 2096.97, while the DSES Index, which represents Shariah-based companies, saw a 10.34-point increase to 1,273.82 till the end.
The market began the trading session with bargain hunters showing interest on sector-specific scrips, particularly bank sector scrips, pulling up the benchmark index to an intraday high of 5793.85 points.
However, cautious investors preferred to realise their gains owing to subdued confidence, causing the benchmark index to come down later in the trading session, according to EBL Securities.
Turnover, a crucial indicator of the market, stood at BDT 6.74 billion, down 20 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 398 issues traded, 112 closed higher, 237 ended lower, and 49 remained unchanged on the DSE trading floor.
BRAC Bank was the most traded stock, with shares worth BDT 441.54 million changing hands, followed by Linde Bangladesh, Sonali Aansh Industries, Grameenphone and Islami Bank.
On the other hand, the Chittagong Stock Exchange (CSE) ended flat with its All Share Price Index (CASPI) losing 2.07 points to settle at 16187 and the Selective Categories Index (CSCX) gaining 10.9 points to settle at 9774.
The port city bourse traded 4.36 million shares and mutual fund units with a turnover volume of BDT 111.78 million.
BBN/SSR/AD