Bangladesh’s stocks extend gaining streak for 2nd day

Last updated: April 7, 2016

Dhaka, Bangladesh (BBN)-Bangladesh stocks extended gaining streak for the second consecutive session on Thursday as investors went on buying spree on large-cap stocks.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, opened with a positive note which continued till end of the session.
The key index of Dhaka Stock Exchange (DSE) advanced 29.21 points, while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) earned 51.45 points at the closing.
DHAKA STOCK EXCHANGE:
At the end of the session, DSEX, the prime index of Dhaka Stock Exchange (DSE), settled at 4,443.07, advancing 29.21 points or 0.66 per cent.
The two other indices also closed higher.
The DS30 index, comprising blue chips, also gained 15.72 points or 0.94 per cent to finish at 1,686.24.
The DSE Shariah Index (DSES) also rose 8.26 points or 0.77 per cent to close at 1,075.90.
Turnover on the DSE stood at BDT 4.33 billion, which was 1.67 per cent higher than the previous day’s BDT 4.28 billion.
The gainers took a modest lead over the losers as out of 322 issues traded, 152 closed higher, 125 lower and 45 remained unchanged on the DSE trading floor.
The IBN Sina dominated the turnover chart with shares worth BDT 161.08 million changing hands, closely followed by Keya Cosmetics BDT 161.06 million, ACI Limited BDT 151 million, Power Grid Company BDT 150 million and Keya Cosmetics BDT 143 million.
Islami Bank was also the day’s best performer, posting a rise of 9.91 per cent, while First Security Islami Bank was the worst loser, slumping by 9.89 per cent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed higher, with its Selective Categories Index, CSCX, gaining 51.45 points to 8,300.04 points.
Gainers beat losers as 112 issues closed higher, 102 closed lower and 28 remained unchanged on the CSE.
The port city bourse traded 10.94 million shares and mutual fund units worth BDT above BDT 292 million in turnover.
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