Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended their gaining spell for the four consecutive sessions on Thursday, the last trading session of the outgoing fiscal year (FY), as investors’ continued on buying spree.
The bourses will go for 9-day vacation from tomorrow (Friday) on the occasion of Eid-ul-Fitr, including weekly holidays, the biggest religious festival of the Muslims.
The market opened higher and the upward trend sustain till end of the session with last hour buoyant participation like previous three sessions.
By the end of the session, DSEX, the prime index of the DSE, crossed the 4,500-mark after four months since February 29 and finished at 4,507.58, advancing 37.32 points or 0.83 percent.
The two other indices also ended higher. The DS30 index, comprising blue chips, rose 19.65 points or 1.12 percent to settle at 1,770.82 points.
The DSE Shariah Index (DSES) also gained 10.13 points or 0.92 percent to close at 1,110.84 points.
Turnover, an important indicator of the market, however fell to BDT 3.77 billion, which was 36 percent lower than the previous day’s five months’ highest turnover of BDT 5.86 billion.
The gainers took a strong lead over the losers as out of 320 issues traded, 186 closed higher, 75 lower and 59 remained unchanged on the DSE trading floor.
Square Pharmaceuticals dominated the turnover chart after a long time with shares worth nearly BDT 290 million changing hands, followed by Lafarge Surma Cement, ACME Laboratories, Islami Bank and City Bank.
SEML Lecture Equity Management Fund was the day’s best performer, for the second day in a row, posting a rise of 9.92 percent, while Dragon Sweater was the worst loser, plunging by 6.35 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher for the fourth day with its Selective Categories Index- CSCX — advancing 65.12 points to finish at 8,396.64 points.
Gainers beat losers 144 to 58, with 44 issues remaining unchanged on the port city bourse that traded 13.50 million shares and mutual fund units with a value of BDT 413 million.