Sunday, 14 August, 2022

Stocks extend gaining streak

Stocks extend gaining streak

Country's both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), on Wednesday witnessed an upward trend like earlier as investors continued their buying spree on large-cap issues amid optimism.

DSEX, the prime index of the DSE, kept rising and went up by 50.87 points or 0.81 per cent to settle at 6,300. Two other indices also ended higher. The DS30 index, comprising blue chips, rose 24.62 points to finish at 2,258 and the DSE Shariah Index (DSES) gained 8.16 points to close at 1,370, reports BSS.

Turnover, a crucial market indicator, stood at Tk 11.95 billion on the country’s prime bourse as against Tk 11.83 billion on the previous day.

However, the losers took a modest lead over the gainers, as out of 382 issues traded, 162 declined, 152 advanced and 68 remained unchanged on the DSE trading floor.

Beximco was the most-traded stock with shares worth Tk 994 million changing hands, followed by Fortune Shoes, IPDC Finance, Malek Spinning Mills and Delta Life Insurance.

Fareast Finance was the top gainer, posting a gain of 10 per cent while Paper Processing & Packaging was the worst loser, losing 4.63 per cent.

The Chittagong Stock Exchange also kept gaining with its All Shares Price Index (CASPI)—rising 164 points to finish at 18,483 while the Selective Categories Index – CSCX gained 98 points to close at 11,073.

Of the issues traded, 150 advanced, 98 declined and 57 issues remained unchanged on the CSE.

The port city bourse traded 9.50 million shares and mutual fund units with a turnover value of Tk 215 million.