Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended higher Thursday with improving turnover, after witnessing limited gains in the past three sessions, as optimistic investors took position 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 and the upward trend sustain till end of the session.
The key index of Dhaka Stock Exchange (DSE) advanced 26.72 points while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) earned 43.21 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,484.53 points, gaining 26.72 points or 0.60 per cent.
The two other indices also ended higher.
The DS30 index, comprising blue chips posted 10.49 points or 0.61 per cent gain to finish at 1,721.06 points.
The DSE Shariah Index (DSES) also advanced 2.74 points or 0.25 per cent to close at 1,085.57 points.
Participation in trading on DSE improved to BDT 3.83 billion, which was 22 per cent higher than the previous day’s BDT 3.14 billion.
The gainers took a modest lead over the losers as out of 316 issues traded, 158 closed higher, 117 lower and 41 remained unchanged on the DSE trading floor.
Aman Feed dominated the turnover chart with shares worth nearly BDT 210 million changing hands followed by Beximco, Beximco Pharma, CMC Kamal, and LankaBangla Securities.
GPH Ispat was the day’s best performer, posting a rise of 9.76 per cent while Sinobangla Industries was the worst loser, slumping by 6.93 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index, CSCX, advancing 43.21 points to finish at 8,383.52 points.
Gainers beat losers as 116 issues closed higher, 89 closed lower and 33 remained unchanged on the CSE.
The port city bourse traded 9.51 million shares and mutual fund units worth BDT nearly 264 million in turnover.