Retailers trade at Dhaka Stock Exchange office. BBN file photo

Dhaka, Bangladesh (BBN)– Bangladesh’s stocks broke the week-long losing streak on Tuesday with improving turnover value as investors went for buying mood at available attractive prices of stocks.
Analysts said after week-long fall about 117 points, many stocks came to a lucrative price level, which encouraged investors to take fresh position anticipating short-term rally.
The market opened with a positive note and the key index of the prime bourse rose around 30 points within first 50 minutes of trading, but mid-session saw some sale pressure, finally ended 7.62 points higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,435.68 points, advancing 7.62 points or 0.14 percent over the previous day.
However, the other two indices remain stayed in negative territory. The DS30 index, comprising blue chips, fell 4.55 points or 0.22 percent to finish at 1,997.77 points. The DSE Shariah Index (DSES) lost 1.18 points or 0.09 percent to close at 1258.40 points.
Supported by natural buying pressure, turnover on DSE improved to BDT 5.63 billion, registering an increase of 4.65 percent over the previous day’s turnover value of BDT 5.38 billion.
Gainers took a modest lead over the losers, as prices of 142 securities advanced, 135 declined and 47 remained unchanged out of the 324 issues that were traded on the DSE floor.
Doreen Power topped the DSE turnover chart with about 2.16 million shares worth more than BDT 291 million changing hands, closely followed by Paramount Textile BDT 254 million, Ratanpur Steel BDT 205 million, FAS Finance BDT 188 million and Brac Bank BDT 178 million.
Central Insurance was the day’s highest gainer, posting 9.0 percent gain, while Peoples Insurance was the worst loser, shedding 8.58 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also edged up after seven day with its Selective Categories Index – CSCX – advancing 3.59 points to settle at 10,202 points.
Gainers beat losers as 108 issues closed higher, 92 closed lower and 40 remained unchanged on the CSE.
The port city bourse traded 10.38 million shares and mutual fund units’ worth over BDT 333 million in turnover.

BBN/SSR/AD