Dhaka stocks see marginal rise

Dhaka,  Thu,  21 September 2017
Published : 15 Jun 2017, 21:30:55 | Updated : 15 Jun 2017, 21:50:54

Dhaka stocks see marginal rise

Dhaka stocks see marginal rise
FE Report
Dhaka stocks closed marginally higher on Thursday, the last session of the week as investors were active from both the sides of the trading fence.

According to market insiders, both the optimist and shaky groups of investors 'demonstrated' their presence during the session and eventually indices closed with a marginal rise.

On the day, the securities from miscellaneous, pharmaceutical and banking sectors experienced buying pressure while cement, financial institution and textile sectors witnessed selling pressure on the Dhaka Stock Exchange (DSE).

At the end of the session, the DSE broad index, DSEX, rose 0.15 per cent or 8.60 points to close at 5468.32 points.

According to International Leasing Securities, the market started with upbeat vibe as the opportunist investors continued their buying spree to take position in sector-specific stocks.

The Shariah-based index, DSES, closed at 1261.91 points with a rise of 0.13 per cent or 1.72 points while the blue chip index DS30 went up by 0.20 per cent or 4.14 points to close at 2031.29 points.

Of the total number of issues traded, 150 advanced, 119 declined and 61 remained unchanged on the premier bourse.

The turnover stood at above Tk 5.30 billion which was 3.12 per cent less than the turnover of the previous session.

Among the gaining sectors, bank advanced 0.3 per cent, engineering 0.1 per cent, pharmaceuticals & chemicals 0.4 per cent and telecommunication 0.1 per cent.

Among the declining sector, financial institutions went down by 0.4 per cent while food & allied declined 0.1 per cent, textile 0.2 per cent and travel & leisure 0.2 per cent.

Investors' participation was concentrated mostly on the textile sector which captured 17.5 per cent of the market turnover, followed by bank 16.40 per cent, pharmaceuticals & chemicals 12.50 per cent, fuel & power 9.30 per cent, engineering 8.60 per cent and financial institutions 8.30 per cent.

Paramount Textile topped the turnover chart with a value of Tk 213 million, followed by Bangladesh Finance and Investment Company Tk 137 million, Apollo Ispat Complex Tk 126 million, Nurani Dyeing & Sweater Tk 118 million and SAIF Powertec Tk 104 million.

National Tea Company was the number one gainer with a rise of 7.50 per cent to close at Tk 677.90 while First Finance was the worst loser after declining 9.32 per cent to close at Tk 10.70.

On the Chittagong Stock Exchange (CSE), the benchmark index CASPI went up by 11 points and closed at 16931 points.

Of 246 issues traded, 104 advanced, 96 declined and 46 remained unchanged and the turnover stood at above Tk 298.67 million on the port city bourse.

Editor : A.H.M Moazzem Hossain
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