BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks record-breaking rally continued on Tuesday with the key index reaching a new high, backed by price appreciation in the banking sector shares.
Following the previous day’s upturn, both bourses - the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher as investors mostly on buying mood on sector specific large-cap shares, especially from bank.
After 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 38 points while the Selective Category Index of port city bourse rose 74 points at 10:45am.
After 30 minutes of trading, the prime index of the major bourse reached at 5793, advancing 53.69 points while the Selective Category Index of port city bourse rose 102 points at 11:00am.
However, late hours profit booking eroded some early gains.
The key index of DSE rose 37.78 points while the Selective Category Index of port city bourse gaining 73.54 points at the closing.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), rose 37.78 points or 0.65 per cent to a new high of 5,777 points, since its inception in January 2013.
The two other indices also reached at their highest level. The DS30 index, comprising blue chips, witnessed a steep rise of 27.68 points or 1.31 per cent to close at 2,143.66, the highest level since its introduction in January 2013.
The DSE Shariah Index (DSES) advanced 4.03 points or 0.30 per cent to stand at 1,324.05.
Turnover volume continued to increase as daily turnover stood at BDT 9.83 billion, an increase of 4.80 per cent over the previous session’s BDT 9.38 billion.
Out of 328 issues traded, 161 closed higher, 119 closed lower and 48 remained unchanged on the DSE trading floor.
City Bank dominated the DSE turnover chart with shares worth BDT 659 million changing hands, followed by LankaBangla Finance, Beximco Pharmaceuticals, Brac Bank ACME Laboratories.
Fareast Finance and Investment was the day’s best performer, posting a 9.73 per cent gain, while Prime Bank 1st ICB AMCL Mutual Fund was the worst loser, slumping by 4.76 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index - CSCX –gaining 73.54 points to settle at 10,864 points.
Gainers beat losers as 119 issues closed higher, 103 closed lower and 30 remained unchanged on the CSE.
The port city bourse traded 20.80 million shares and mutual fund units’ worth BDT 865 million in turnover.
BBN/SK/AD