Stocks maintain gaining streak

Business Desk:

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Sunday also witnessed an upward trend like earlier as investors continued their buying spree on large-cap issues amid optimism.

DSEX, the broad index of the DSE, advanced by 24.0 points or 0.5% to settle at a 2-month high of 5,224 points, as against. 5,200 points in the previous trading session, reports BSS.

Market analysts observed that buyers maintained their dominance throughout the session as optimistic investors kept on chasing the current rallies in sector-specific issues, while price appreciation in particular blue-chip scrips added further strength to the market’s upward momentum.

Meanwhile, market turnover also had a slight increase by 4.7% to Taka 4.9 billion as against Taka 4.7 billion in the previous session.

On the sectoral front, Textile (14.6%) issues exerted the highest turnover, followed by Pharma (11.9%) and Engineering (11.7%) sectors. Most of the sectors displayed positive returns, out of which Mutual
Fund (2.8%), Ceramic (2.5%) and Life Insurance (2.3%) exhibited the most positive returns on the bourse on Sunday, while Jute (-1.2%), Paper (-0.5%) and Tannery (-0.5%) exerted the most corrections.