Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended the gaining streak for the second straight session on Thursday, as optimistic investors continued their buying spree on sector-wise stocks.
Following the previous day’s upward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend in early trading amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 22 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 5.21 points at 10:45am
After 30 minutes of trading, the DSEX gained more than 20 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 34 points at 11:00am.
After 90 minutes of trading, DSEX advanced more than 14 points while the CSE All Shares Price Index fell 5.60 points at 12:00 noon.
The rest of the session went up steadily; finally DSEX ended more than 20 points higher while CSE All Shares Price Index advanced 43 points at closing.
DSEX, the core index of the Dhaka Stock Exchange (DSE), settled at 5,843, gaining 20.47 points or 0.35 percent over the previous session.
The DS30 index, comprising blue chips, also gained 13.39 points or 0.61 percent to finish at 2,204.
The DSE Shariah Index (DSES) advanced 7.69 points or 0.56 percent to close at 1,365.
The market activities also fell to BDT 5.77 billion which was BDT 5.61 billion in the previous session.
However, the losers took a modest lead over the gainers as out of 336 issues traded, 181 closed lower, 110 ended higher and 45 issues remained unchanged on the DSE trading floor.
Beximco continued to dominate the turnover chart with 21.64 million shares worth BDT 688 million changing hands, followed by Al-Aarafah Islami Bank, BRAC Bank, United Power and square Pharmaceuticals.
Port city bourse CSE ended higher with the CSE All Share Price Index – CASPI –advancing 43 points to settle at 18,009 and Selective Categories Index – CSCX –gaining 24 points to finish at 10,885 points.
Here too, the losers beat the gainers as 120 issues closed lower, 74 ended higher and 34 remained unchanged on the CSE.
The port city bourse traded 8.99 million shares and mutual fund units worth more than BDT 426 million in turnover.