Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended gaining streak for the five consecutive sessions on Monday with higher turnover value as investors continued on buying spree on large-cap stocks.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, opened with a positive note and the upbeat trend sustain till end of the session.
The key index of Dhaka Stock Exchange (DSE) advanced 52.43 points, while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) earned 112.98 points at the closing.
The prime index of Dhaka Stock Exchange (DSE), crossed the 4,400-mark after eight sessions and finished at 4,431.66 points, gaining 52.43 points or 1.19 per cent.
The DS30 index, comprising blue chips, advanced 27.22 points or 1.65 per cent to finish at 1,678.10 points.
The DSE Shariah Index (DSES) rose 10.10 points or 0.95 per cent to close at 1,068.82 points.
DSE turnover also rose to BDT 4.90 billion, which was 31 percent higher than the previous day’s BDT 3.74 billion.
The gainers took a strong lead over the losers as out of 321 issues traded, 195 closed higher, 87 lower and 39 remained unchanged on the DSE trading floor.
The state-run Titas Gas Transmission and Distribution Company dominated the turnover chart with shares worth BDT 267 million changing hands, followed by IBN Sina, LankaBangla Finance, Aman Feed and IFAD Autos.
Titas Gas was also the day’s best performer, posting a rise of 10 per cent, while Information Services Network was the worst loser, slumping by 9.03 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher for the fifth session with its Selective Categories Index, CSCX, advancing 112.98 points to 8,296.10 points.
Gainers beat losers as 153 issues closed higher, 70 closed lower and 25 remained unchanged on the CSE.
The port city bourse traded 15.49 million shares and mutual fund units worth BDT over 422 million in turnover.