Bangladesh’s stocks gain for seventh sessions amid optimism

Last updated: June 5, 2013

Dhaka, Bangladesh (BBN): The market continued to gain for the seventh running session on Wednesday with turnover hitting another record high as investors went for buying mood amid fresh optimism.

The General Index of the Dhaka Stock Exchange (DGEN) crossed the 4,300 points mark and ended at 4,310.62 points, gaining 87.67 points or 2.07 per cent.

The other two indices the DSEX went up by 73.54 points or 1.85 per cent to close at 4,048.03 while the blue chip index DS30 marked the highest gain of 33.79 points or 2.30 per cent among the three indices to close at 1,498.89 points.

The total turnover at DSE improved further by 8.0 per cent from previous session’s eight months high value and stood at BDT 6.60 billion at the end of the session.

The gainers took a strong lead over the losers as out of 287 issues traded, 183 advanced, 78 declined and 26 remained unchanged in the primer bourse.

Titas Gas was the day’s most traded stock with shares worth BDT 265.09 million changing hands.

Jute Spinners was the day’s highest gainer, posting a rise of 10 per cent while Desh Garment was the day’s worst loser, slumping by 6.91 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the Selective Categories Index gained 118.03 points to close at 7,961.13 points.

Gainers beat losers 136 to 60, with 14 issues remaining unchanged on the port city bourse that traded 17.94 million shares and mutual fund units, turnover value of BDT 552.23 million.

 
BBN/BB/AD/05June-13-4.30pm (BST).

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