Business Report :
Stocks ended higher on Wednesday, as bargain hunters showed interest in lucrative shares in anticipation of short-term gains.
The prime index of the Dhaka Stock Exchange (DSE) rises 60.88 points to settle at 5,302.
The blue-chip index DS30, a group of 30 prominent companies, saw a more than 25.89 points increase to 1903.83 while the DSES Index, which represents Shariah-based companies, grew 16.27 points to 1,165.83 till the end.
IMF loan approval for Bangladesh and the news of the opportunity for black money investments in the stock market boosted investors’ confidence to some extent, market operators said.
Turnover, a crucial indicator of the market, stood at Tk 6.05 billion at the end of trading which was 15.36 per cent higher than earlier trading days.
The majority of the stocks saw a price surge, as out of the 404 issues traded, 251 closed higher, 89 ended lower, and 64 remained unchanged on the DSE trading floor.
Unilever Consumer Care Limited, the most-traded stock with shares worth Tk 622.12 million changing hands, followed by Capitec Grameen Bank Growth Fund, Alif Industries Limited, Sea Pearl Beach Resort & Spa Limited, and Pragati Life Insurance Ltd.
The Chittagong Stock Exchange (CSE) ended higher with its All Share Price Index (CASPI) gaining 87.76 points to settle at 14925 and the Selective Categories Index (CSCX) gaining 56 points to 8985.
The port city bourse traded 2.62 million shares and mutual fund units with a turnover volume of Tk 145.25 million.