DSEX crosses 5,500-mark

Dhaka,  Tue,  19 September 2017
Published : 20 Jun 2017, 15:30:14

DSEX crosses 5,500-mark amid post-Eid optimism

DSEX crosses 5,500-mark
FE Online Report
Stocks extended the winning spell for the second day in a row on Tuesday with key index of the prime bourse crossing the 5,500-mark again as pre-Eid sale pressure faded away.

Brokers said the market ended higher as pre-Eid sale pressure subdued and the optimistic investors took position on sector specific large-cap stocks amid post-Eid expectation.

Only two trading sessions are left before Eid vacation.

The market started with an upward note and the upbeat trend sustained till end of the session with no sign of reversal, finally ended more than 48 points higher.

DSEX, the prime index of the Dhaka Stock Exchange (DSE) finished at 5,527, advancing 48.40 points or 0.88 per cent over the previous day.

The two other indices also finished marginally higher. The DS30 index, comprising blue chips advanced 16.64 points or 0.82 per cent to finish at 2050. The DSE Shariah Index (DSES) rose 10.51 points or 0.83 per cent to close at 1,273.

Turnover, another important indicator of the market, also rose to Tk 6.45 billion, which was 19 per cent higher than the previous day’s Tk 5.41 billion.

Gainers took a strong lead over the losers, as prices of 215 securities advanced, 67 declined and 47 remained unchanged out of the 329 issues that were traded on the DSE floor.

Regent Textile topped the DSE turnover chart with about 8.99 million shares worth Tk 269 million changing hands, followed by LankaBangla Finance, Paramount Textile, Argon Denims and Nurani Dyeing.

Tung Hai Knitting & Dyeing was the day’s highest gainer, posting 7.69 per cent gain, while Asia Pacific Isnuarnec was the worst loser, losing 7.11 per cent.

The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index - CSCX –advancing 96 points to settle at 10,365.

Gainers beat losers as 169 issues closed higher, 58 closed lower and 16 remained unchanged on the CSE.

The port city bourse traded 12.18 million shares and mutual fund units’ worth Tk 482 million in turnover.

Editor : A.H.M Moazzem Hossain
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