Stocks extend gaining streak

Business Desk :

Stocks on Tuesday also held up to its upward momentum for the second consecutive session since investors continued their buying appetite in the major large-cap scrips, buoyed by growing optimism stemming from perceived political clarity ahead of the upcoming national election.

DSEX, the broad index of the Dhaka Stock Exchange (DSE), advanced by 59.8 points or 1.2 per cent to settle at 5,140 points, as against 5,081 points in the previous trading session, reports BSS.

Market indices opened on a positive note and remained afloat in green territory throughout the session, as broad-based investor participation across the trading board added strength to the market’s upward trajectory.

Apparently, market turnover charged up to nearly Tk 7 billion-mark after around 4 months, rising by 40.9per cent to a Taka 6.9 billion from Taka 4.9 billion in the previous session.

On the sectoral front, Pharma (15.3per cent) issues exerted the highest turnover, followed by General Insurance (15.2per cent) and Bank (12.0per cent) sectors.

Sectors mostly displayed positive returns, out of which IT (4.4per cent), Bank (2.6per cent) and Services (1.8per cent) exerted the most positive returns.

Out of the 397 issues traded, 247 advanced, 80 declined and 70 remained unchanged.
The port city bourse, CSE, also settled on a positive zone. The Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) advanced by 65.1 points and 101.5 points, respectively.