Dhaka, Bangladesh (BBN)– Bangladesh’s stocks posted a modest gain on Sunday as some investors continued to show their appetite on selective large-cap shares.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 20.78 points or 0.41 per cent over the previous session to close at 5,033. Two other indices also edged higher.
The DS30 index, comprising blue chips, advanced 8.55 points to finish at 1,766 and the DSE Shariah Index rose 4.41 points to close at 1,171.
Turnover, a crucial indicator of the market, however, fell to BDT 3.71 billion, which was 13 per cent lower than the previous day’s BDT 4.27 billion.
Five most contributors are Grameenphone, Renata, Bangladesh Submarine Cable, Shahjalal Bank and GlaxoSmithKline, jointly contributed 14 points index gain.
Grameenphone, the largest company in terms of market cap, gained 1.25 per cent to close at BDT 299.20 on Sunday after recent correction, despite growing concern stemming from a row between the telecom regulator and the GP over claims of unpaid dues.
Accordingly, telecommunication booked the highest gain of 1.47 per cent, followed by non-bank financial institutions with 0.96 per cent, banking 0.89 per cent, pharmaceuticals 0.46 per cent, engineering 0.37 and power 0.17 per cent.
Only food & allied sector gained slightly by 0.20 per cent.
On the other hand, the Chittagong Stock Exchange ended marginally higher with its All Shares Price Index (CASPI)-gaining 28 points to close at 15,292 and the Selective Categories Index – CSCX – advancing 17 points to finish at 9,284.
The losers beat the gainers as 113 issues closed lower, 100 ended higher and 38 remained unchanged on the CSE.
The port city’s bourse traded 5.10 million shares and mutual fund units worth nearly BDT 137 million in turnover.