Stocks begin week with solid gains

The country’s stock markets witnessed a broad-based rally on the first trading day of the week, with share prices of most listed companies rising and overall turnover increasing on both bourses.

At the end of the day’s trading on Sunday, the Dhaka Stock Exchange’s (DSE) benchmark index DSEX rose 43 points.

The Shariah-based index DSES gained 9 points, while the blue-chip index DS30 advanced 29 points, reports UNB.

Of the issues traded, 177 companies saw their share prices rise, 153 declined, and 59 remained unchanged. Turnover on the DSE stood at Tk 1,530 crore in shares and units. In the block market, shares worth Tk 48 crore of 53 companies changed hands.

Unique Hotel and Resorts PLC topped the gainers’ list, posting nearly a 10 percent rise, while Familytex (BD) Limited was the worst performer, losing around 8 percent.

The Chittagong Stock Exchange (CSE) also closed higher, with its overall index CASPI adding 8 points. Of the traded companies, 141 advanced, 96 declined, and 19 remained unchanged.

Total turnover on the CSE stood at Tk 66 crore, up from Tk 60 crore in the previous session. Phoenix Finance 1st Mutual Fund, Eastern Cables Limited, and IFIL Islamic Mutual Fund-1 led the gainers, each rising about 10 percent, while Meghna Life Insurance PLC was the top loser, shedding nearly 10 percent.