Dhaka, Bangladesh (BBN)–Bangladesh’s stocks rallied for the five consecutive sessions on Monday with high turnover as continuous positive market trend boosted investors’ confidence.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 4,300-mark once again and ended at 4,349.22 points, gaining 72.16 points or 1.68 percent.
The two other indices also ended higher.
The DS30 index, comprising blue chips, went up by 7.53 points or 0.46 percent to close at 1,624.71 points.
The DSE Shariah Index (DSES) gained 1.52 points or 0.14 percent to close at 1,043.01 points.
Turnover remained high on the prime bourse with total turnover amounted to BDT 5.96 billion, which was 14.6 percent higher compared to the previous session’s BDT 5.20 billion.
Gainers outpaced losers as out of 314 issues traded, 208 advanced, 87 declined and 19 remained unchanged on the DSE floor.
United Power Generation and Distribution Company continued to dominate the top turnover chart with shares worth BDT 462.82 million changing hands followed by IFAD Autos, Western Marine Shipyard, MJL BD and Beximco.
Janata Insurance was the best performer of the day, gaining 24.36 percent while Ambee Pharma was the worst loser, plunging by 11 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also ended higher for the fifth day in a row with its Selective Categories Index – CSCX – rose 170.25 points to close at 8,181.13 points.
Gainers beat losers 176 to 62, with 12 issues remaining unchanged at the port city bourse that traded about 17.15 million shares and mutual fund units, and recorded a turnover of BDT 508.15 million.