Dhaka, Bangladesh (BBN)- Bangladesh’s stocks rebounded sharply on Monday after passing through a sluggish mood in the last few sessions as investors went for buying spree amid optimism.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 99.21 points or 2.08 percent to close at 4,868.64 points.
The other two indices also saw steep gain. The DS30, comprising blue chips gained 39.21 points or 2.22 percent to close at 1,799.27 points. The DSE Shariah Index rose 25.14 points or 2.27 percent to close at 1,131.92 points.
Turnover stood at BDT 3.41 billion, registering an increase of 47 percent from the previous session’s four and a half month lowest turnover of BDT 3.47 billion.
The gainers took a strong lead over the losers as out of 299 issues traded, 253 advanced, 34 declined and 12 remained unchanged on the DSE floor.
AB Bank was the most traded stock with shares worth BDT 155.38 million changing hands followed by GP, Jamuna Oil, Lafarge Surma Cement and UCBL.
KPCL was the day’s highest gainer, posting a rise of 7.33 percent while Northern Jute Manufacturing was the day’s worst loser, slumping by 7.34 percent.
The port city bourse, Chittagong Stock Exchange (CSE) also sharp gain with its Selective Categories Index – CSCX – gained 213.68 points to close at 9,172.93 points.
Gainers beat losers 159 to 39, with 14 issues remaining unchanged at the port city bourse that traded 7.90 million shares and mutual fund units, turnover value of BDT 271.39 million.
BBN/SSR/AD-01Dec14-5:40 pm (BST)