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Stocks start week well

  • Staff Correspondent
  • 11 October, 2021 12:00 AM
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Stocks start week well

Dhaka Stock Exchange started week with good vibes on Sunday as investors went on buying to purchase stocks at lower prices hoping rise in the upcoming week. 

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 25.03 points or 0.34 per cent to settle at 7,367 points.

The two other indices also edged higher. The DS30 index, comprising blue chips dropped 1.61 points or 0.06 per cent to finish at 2,765, while the DSE Shariah Index (DSES) rose 0.74 points or 0.05 per cent to close at 1,596.

Turnover, another important indicator of the market, also declined to Tk 19.63 billion on the prime bourse, which was 21.39 per cent higher than the previous day’s tally of Tk 24.97 billion.

Gainers took a strong lead over the losers, as out of 376 issues traded, 124 closed lower, 240 higher and 12 remained unchanged on the DSE trading floor.

A total of 265,977 trades were executed in the day’s trading session with a trading volume of 528.93 million shares and mutual fund units.

LafargeHolcim Bangladesh topped the day’s turnover chart with shares of Tk 1.29 billion changing hands, closely followed by IFIC, Power Grid Company, Beximco, Orion Pharma and Paramount Textile Limited.

The state-run Power Grid Company was the day’s best performer, posting a gain of 34.64 per cent, closely followed by Metro Spinning Ltd, Shepherd Industries Limited, Fine Foods Limited, EBL First Mutual Fund, First Bangladesh Fixed Income Fund, Ambee Pharmaceuticals Ltd, Agricultural Marketing Company Ltd. (Pran), Paramount Textile Limited and PHP First Mutual Fund.

Sonali Paper & Board Mills Ltd was the day’s worst loser, plunging by 9.39 per cent, closely followed by Unique Hotel & Resorts Limited, ICB Islamic Bank Limited, Silva Pharmaceuticals Limited, Coppertech Industries Limited, Anwar Galvanizing Ltd, Dhaka Electric Supply Company Ltd, Daffodil Computers Ltd, AFC Agro Biotech Ltd and Provati Insurance Company Limited.

The Chittagong Stock Exchange (CSE) also ended marginally higher with the CSE All Share Price Index – CASPI –gaining 74 points to settle at 21,515 and the Selective Categories Index – CSCX – rising 42 points to close at 12,921.

Of the issues traded, 106 declined, 189 advanced and 19 remained unchanged on the CSE trading floor.

The port city’s bourse traded 27.19 million shares and mutual fund units with a turnover value of Tk 818 million.