Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to green on Thursday, after previous day’s mild correction, as investors went on late hours buying spree.
The market opened with a mixed trend, but late hours buying binge helped the market closed higher with increased turnover.
The key index of Dhaka Stock Exchange obtained 22.63 points while the selective index of the Chittagong Stock Exchange rose 51 points at closing.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), gained 22.63 points or 0.47 percent up and closed the week at 4,819.45.
The DS30 index, comprising blue chips, gained 11.88 points or 0.65 percent to finish at 1,848.12.
The DSE Shariah Index (DSES) rose 6.74 points or 0.57 percent to end at 1,186.67.
Turnover stood at BDT 5.14 billion, which was 20.37 percent higher than the previous session’s BDT 4.27 billion.
The gainers took a strong lead over the losers as out of issues traded 317 issues traded, 171 closed lower, 96 higher and 50 remained unchanged on the DSE trading floor.
Beximco Pharma was the day’s top turnover leader with shares of BDT 288.52 million changing hands followed by Islami Bank, United Power, Aman Feed and BSRM Steels.
Aman Feed was the day’s best performer, posting a rise of 8.03 percent while Keya Cosmetics was the day’s worst loser, plunging by 5.05 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – gained 51 points to end at 8,990.22.
Losers beat gainers 124 to 87, with 36 issues remained unchanged on the port city bourse that traded 10.26 million shares and mutual fund units with a value of BDT 372 million.