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Monday, December 23, 2024
Founder : Barrister Mainul Hosein

Stocks end higher

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Business Report :

Stocks ended higher on Tuesday after a six-day plunge as optimistic investors put fresh funds into lucrative shares.
The prime index of the Dhaka Stock Exchange (DSE) increased by 73.28 points to settle at 5,702.83.

Many investors are optimistic about the return of good governance in the market as massive reforms are underway in the financial sectors, including the capital market.

The blue-chip index DS30, a group of 30 prominent companies, saw a 22.22 points increase to 2114.74, while the DSES Index, which represents Shariah-based companies, saw a 20.25 points increase to 1,235.35 till the end.

Turnover, a crucial indicator of the market, stood at Tk 5.63 billion, down 9.44 per cent from the previous trading day.

The majority of the stocks saw a price increase, as out of the 396 issues traded, 273 closed higher, 76 ended lower, and 47 remained unchanged on the DSE trading floor.

Olympic Industries was the most-traded stock with shares worth Tk 323.61 million changing hands, followed by Linde Bangladesh, BRAC Bank, Grameenphone and NRB Bank.

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