Stocks open on positive note

Staff Correspondent

10 August, 2020 12:00 AM printer

Stocks open on positive note

Dhaka Stock Exchange started week with good vibes on Sunday as optimistic investors were showing their buying spree on large-cap issues encouraged by the securities regulator’s tough action on wrongdoers.

DSEX, the key index of the DSE, surged by 180.32 points or 4.13 per cent to settle at 4,545.15 during the four hours trading.

The DS30 index, comprising blue chips, rose 64.45 points or 4.36 percent to finish at 1,540.33 and the DSE Shariah Index advanced 47.19 points or 4.66 to close at 1,058.30.

Turnover stood at Tk 11.28 billion on the country’s prime bourse, which was higher than the previous day’s turnover of Tk 8.36 billion.

Of the issues traded, 293 advanced, 42 declined and 20 issues remained unchanged on the DSE floor.

A total number of 217,288 trades were executed in the day’s trading session with a trading volume of 430.62 million shares and mutual fund units.

The market-cap on the premier bourse also rose to Tk 3,451 billion on Sunday, from Tk 3,336 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.

Beacon Pharmaceuticals was the day’s best performer, posting a gain of 9.95 per cent, followed by Aman Cotton Fibrous, Desh Garmants, Far East Knitting & Dyeing Industries, Shurwid Industries and MJL Bangladesh while Paramount Insurance Company was the worst loser, losing 6.69 per cent, followed by Shyampur Sugar Mills, Progressive Life Insurance Co, Rupali Insurance Company, Asian Tiger Sandhani Life Growth Fund and ICB AMCL Second Mutual Fund.

The Chittagong Stock Exchange also kept gaining with its All Shares Price Index (CASPI)—soaring 40.49 points to close at 12,882.38 and the Selective Categories Index - CSCX –rising 288.73 points to finish at 7,801.46.

Of the issues traded, 207 gained, 30 declined and 37 remained unchanged on the CSE.

The port city bourse traded 15.67 million shares and mutual fund units with turnover value of Tk 267 million.