Tuesday, 29 November, 2022
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Stocks extend gaining streak

Stocks extend gaining streak

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Stocks on Thursday extended the winning streak for the second straight session as investors continued their buying spree on large-cap issues amid optimism.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 16.50 points or 0.25 per cent to settle at 6,512.89, after gaining 7.34 points in the previous day. Two other indices edged higher. The DS30 index, comprising blue chips, gained 7.28 points to close at 2,330 and the DSE Shariah Index (DSES) rose 4.32 points to 1,419.

Turnover, a crucial indicator of the market, dropped to Tk 12.17 billion on the premier bourse, which was 18 per cent lower than the previous day's tally of Tk 14.84 billion, reports BSS.

Of the 365 issues traded, 94 advanced, 85 declined and 186 others remained unchanged on the DSE trading floor.

Beximco became the most-traded stock with shares worth Tk 1.11 billion changing hands, closely followed by Orion pharma (Tk 991 million), Eastern Housing (Tk 665 million), Bangladesh Building Systems (Tk 415 million) and Shinepukur Ceramic (Tk 387 million).

The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index (CASPI) rising 13 points to settle at 19,193 and its Selective Categories Index (CSCX) gaining 8.0 points to close at 11,505.

Of the issues traded, 74 declined, 58 advanced and 113 issues remained unchanged.

The port-city bourse traded 8.15 million shares and mutual fund units with a turnover value of Tk 872 million.