Stocks end higher after three-day break

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Business Report :

Stocks ended higher on Wednesday, after losing 139 points in three days, as bargain hunters betted on lucrative large-cap shares.

The prime index of the Dhaka Stock Exchange (DSE) increased 98.83 points to settle at 5,422.05.
The blue-chip index DS30, a group of 30 prominent companies, saw a 45.78-point increase to 1984.99, while the DSES Index, which represents Shariah-based companies, saw an 18.12-point increase to end at 1,205.86 till the end.
Turnover, a crucial indicator of the market, stood at Tk 3.77 billion, up 6 per cent from the previous trading day.

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The majority of the stocks saw a price increase, as out of the 396 issues traded, 327 closed higher, 37 ended lower, and 32 remained unchanged on the DSE trading floor.

Agni Systems Ltd. was the most-traded stock with shares worth Tk 316.44 million changing hands, followed by Taufika Foods and Lovello Ice-cream, Midland Bank, Grameenphone and Islami Bank Bangladesh.

The Chittagong Stock Exchange (CSE) ended higher with its All Share Price Index (CASPI) gaining 174 points to settle at 15135 and the Selective Categories Index (CSCX) gaining 106 points to settle at 9192.

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