Stocks go up

Staff Correspondent

7 August, 2020 12:00 AM printer

Stocks go up

Stocks at the country’s premiere bourse gained on Thursday as optimistic investors continued their buying binge on large-cap issues amid optimism.

DSEX, the key index of the DSE, surged by 57.67 points or 1.33 per cent to settle at 4,364 during the four hours trading.

The DS30 index, comprising blue chips, rose 23.46 points to finish at 1,475 and the DSE Shariah Index advanced 13.68 points to close at 1,011.

Turnover crossed the 8bn-mark after more than one month and stood at Tk 8.36 billion on the country’s prime bourse, which was 16 per cent higher than the previous day’s turnover of Tk 7.18 billion.

Of the issues traded, 219 advanced, 79 declined and 55 issues remained unchanged on the DSE floor.

A total number of 166,241 trades were executed in the day’s trading session with a trading volume of 315.84 million shares and mutual fund units.

The market-cap on the premier bourse also rose to Tk 3,336 billion on Thursday, from Tk 3,318 billion in the previous session.

Beximco Pharma topped the turnover chart with shares worth Tk 431 million changing hands, closely followed by Bangladesh Submarine Cable Company, Pioneer Insurance, Beximco and VFS Thread Dyeing.

Pragati Life Insurance was the day’s best performer, posting a gain of 10 per cent, followed by Popular Life Insurance Co, Bangladesh Submarine Cable Company, Ratanpur Steel Re-Rolling Mills and Aman Cotton Fibrous, while Agrani Insurance was the worst loser, losing 9.32 per cent, followed by Dhaka Insurance, United Insurance, Provati Insurance Company and Sonar Bangla Insurance.

The Chittagong Stock Exchange also kept gaining with its All Shares Price Index (CASPI)—soaring 171 points to close at 12,401 and the Selective Categories Index - CSCX –rising 101 points to finish at 7,512.

Of the issues traded, 159 gained, 50 declined and 56 remained unchanged on the CSE.

The port city bourse traded 14.66 million shares and mutual fund units with turnover value of Tk 490 million.