Dhaka, Bangladesh (BBN)– Bangladesh’s stocks kept the soaring trend with core index of the Dhaka Stock Exchange (DSE) crossed the 4,800-mark after 10 months as investors continued their buying spree on large-cap issues amid optimism.
DSEX, the key index of the DSE, went up by 156.16 points or 3.32 per cent to settle at 4,859 during the four and a half hours trading session.
Daily trade turnover on DSE also scaled BDT 13-billion mark on Sunday again as investors put fresh stakes on stocks amid growing confidence in the market.
Turnover, a crucial indicator of the market, stood at BDT13.51 billion on the country’s premier bourse, climbing further by 12 per cent over previous day’s mark of BDT 12.08 billion.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 45.58 points to finish at 1,639 and the DSE Shariah Index rose 21.42 points to close at 1,109.
Gainers outnumbered the losers, as out of 354 issues traded, 301 closed higher and 42 closed lower while 11 issues remained unchanged on the DSE floor.
The market-cap on the premier bourse also rose to BDT 3,635 billion on Sunday, from BDT 3,550 billion in the previous session.
Beximco Pharmaceuticals topped the turnover chart with shares worth BDT 806 million changing hands, closely followed by Beximco, Brac Bank, Square Pharma and Sonar Bangla Insurance.
PHP First Mutual Fund was the day’s best performer, posting a gain of 13.95 per cent while Eastern Cables was the worst loser, losing 3.49 per cent.
On the other hand, the Chittagong Stock Exchange ended higher with its All Shares Price Index (CASPI)—jumping 494 points to close at 13,855 and the Selective Categories Index – CSCX –soaring 288 points to finish at 8,361.
Of the issues traded, 251 gained, 25 declined and 20 remained unchanged on the CSE.
The port city bourse traded 26.92 million shares and mutual fund units with turnover value of BDT 460 million.