Dhaka, Bangladesh (BBN)-Bangladesh’s stocks rebounded on Monday, after losing five straight sessions as investors optimistic investors went on late hour buying spree.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced upward trend.
The key index of Dhaka Stock Exchange gained 21.20 points and Chittagong Stock Exchange earned 53.67 points after five straight sessions of the week.
DHAKA STOCK EXCHANGE:
The prime index of the Dhaka Stock Exchange went up by 21.20 points or 0.46 per cent to finish at 4,536.05, after witnessing volatility in the mid-session.
The DS30, including blue chips gained 13.46 points or 0.78 per cent to settle at 1,722.49 while the DSE Shariah Index (DSES) advanced 10.97 points or 1.01 per cent to finish at 1,092.25.
Turnover improved slightly, but remained low, as total turnover on DSE stood at BDT 2.90 billion, which was 8.6 percent higher than the previous day’s BDT 2.67 billion.
The gainers took a modest lead over the lowers as out of 318 traded issues, 165 closed higher, 102 lower and 51 remained unchanged on the DSE trading floor.
IFAD Autos dominated the day’s turnover chart with shares of BDT 258 million changing hands followed by Square Pharma, GP, Lafarge Surma Cement and Beximco Pharma.
Hakkani Pulp and Paper was the day’s best performer, posting a rise of 9.85 per cent while Shaympur Sugar Mills was the day’s worst loser, plunging by 8.57 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) bounced back with its Selective Categories Index- CSCX-gaining 53.67 points to end at 8,441.08.
Gainers beat losers 116 to 89, with 27 issues remaining unchanged on the port city bourse that traded 6.06 million shares and mutual fund units with a value of BDT 205 million.