Stocks remain bullish

Dhaka Stock Exchange (DSE) remained bullish on Sunday with 45 points increase in the benchmark DSEX price index that ended at 5072.30.
The two other selective indices – blue-chip DS30 and Shariah DSES – also finished higher at 1966.44 and 1199.12 respectively.
The daily trade volume and value, however, decreased marginally to 22.84 crore shares of Taka 1101.29 crore from Thursday’s closing of 25.50 crore shares of Taka 1103.60 crore.
The indices continued showing strength mainly because of rally in share prices. Some 168 issues advanced on the day when 105 incurred losses and 29 remained static.
The large-cap shares led the gaining side with 126 scrips when mutual funds and new issues performed poorly.
Among the most liquid scrips were MJLBD, Squire Pharmaceuticals, Beximco Pharma, Delta Life and Beximco Limited. Telco and ceramic sectors were also among the mostly active issues, but the sectors lost some steam to fall to the mid level of the list.
Fuwang Food was the top gaining issue with BSCCL, Squire Pharmaceuticals, Singer Bangladesh and Summit Alliance Port.
MHSML was the day’s worst losing issue with nearly 20 percent fall at close after its corporate disclosure.
The company recently announced that it would issue right shares at 3R:2 at an issue price of Taka 10 each. RSRM Steel, Shurwid Industries, Rahima Food and RAK Ceramic were the other major losers on their profit-booking trading.
Share price of United Airways also rose by over 9.0 percent at close after the airlines resumed its flight operations.
Last week the private airliner suspended all kinds of flight for an indefinite period due to cash crunch.