Dhaka, Bangladesh (BBN)– Bangladesh’s stocks gained slightly on Sunday amid volatile trading as investors mostly followed cautious stance ahead of nine-day Eid holidays.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,172, gaining 3.12 points or 0.06 per cent over the previous session.
Some investors were active on sector specific shares while some were busy with rebalancing their portfolio based on earnings declarations, taking the market in flat zone, market operators said.
They also added some retail investors were selling shares ahead of Eid festival as only four trading days are left before nine-day Eid vacation.
Trading and official activities on the bourses will remain closed for nine days from August 9 to August 17, including weekly holidays, on the occasion of Eid-ul-Azha, the second largest religious festival of the Muslims.
The DSES (Shariah) index also gained 1.75 points to settle at 1,193. But the DS30 index, comprising blue chips, fell 1.71 points to finish at 1,836.
Turnover, another important indicator of the market, stood at BDT 4.63 billion, which was 3.74 per cent lower than the previous day’s turnover of BDT 4.81 billion.
On the other hand, the Chittagong Stock Exchange, however, ended slightly lower with the CSE All Share Price Index – CASPI – losing 5.29 points to settle at 15,793 while the Selective Categories Index – CSCX -shedding 4.42 points to finish at 9,599.
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