Stocks open week on positive note

Staff Correspondent

30 November, 2020 12:00 AM printer

Stocks open week on positive note

Stocks opened week on positive note on Sunday amid volatile trading as investors continued their bargain hunting on sector-specific stocks.

DSEX, the core index of the Dhaka Stock Exchange (DSE), went up by 12.72 points or 0.26 per cent to settle at 4,881.

The DS30 index, comprising blue chips, gained 9.09 points or 0.54 percent to finish at 1,698 and the DSE Shariah Index advanced 2.06 points or 0.18 percent to close at 1,120.

The daily trade turnover on the DSE also rose to Tk 7.66 billion, which was 1.05 per cent higher than the previous day’s turnover of Tk 7.58 billion.

Out of 350 issues traded, 145 closed lower, 110 higher and 95 issues remained unchanged on the DSE trading floor.

A total number of 147,288 trades were executed in the day’s trading session with a trading volume of 287.10 million shares and mutual fund units.

The DSE market capitalisation also rose to Tk 3,907 billion on Sunday, from Tk 3,905 billion in the previous day.

Bangladesh Export Import Company (Beximco) topped the turnover list with 19.50 million shares worth Tk 494 million changing hands, closely followed by Beximco Pharma, Northern Islami Insurance, Nitol Insurance, and United Power.

United Insurance was the day’s best performer, posting a gain of 10 per cent.

Kohinoor Chemicals Industries was the worst loser, losing 9.09 per cent following its price adjustment after the record date.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—advancing 76 points to close at 14,038 while the Selective Categories Index – CSCX gained 46 points to close at 8,453.

Of the issues traded, 94 declined, 85 advanced and 66 remained unchanged on the CSE.

The port city bourse traded 7.74 million shares and mutual fund units with a turnover value around Tk 246 million.