DSE, CSE gain on Tuesday

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Economic Reporter :The benchmark price index of Dhaka Stock Exchange (DSE) neared 4600-point mark on Tuesday, with the daily transaction rising steadily on a seller’s market. DSEX, the prime indicator of the country’s stock market, was hovering below 4600 points since December 7 because of lackluster trade while investors were skeptical about the direction of the capital market.The continuous falling trend, however, was halted by a regulatory move of the central bank that raised the hope about a good amount of fund flow to the stock market. All the price indices and transactions were up on Monday following the Bangladesh Bank’s decision on easing rules for bank’s investment in stocks.The positive vibe was strong in early trade on Tuesday, which continued till the end of the session, but in a relatively defusing mode. Resultantly, the prices indices see-sawed after losing early strength and finished marginally up.The DSES ended the session 14.85 points up at 4593.73 while the blue-chip DS30 closed 10.49 points higher at 1744.60 and the Shariah DSES 3.0 points up at 1104.19.Large-cap shares apparently get back strong footing among investors, with 125 issues closing higher against 107 lagging scrips. Most of the Z category shares also advanced on the day, but the reason behind their upward move remained unclear. Like Monday, the market was for sellers where 149 issues closed higher against 126 losing securities. Some of the insurance companies were among the major gainers when Pragati Insurance, Green Delta Life and Asia Pacific Insurance captured the first three positions of the day’s top ten advancing securities.The other major gainers were Beximco, Simtex, Apollo Isphat, Central Pharmaceuticals, Shurwid Industries, ACI Formula and First Finance.The major lagging issues were Rahima Food, Islami Insurance, Apex Spinning, Padma Oil and Reliance Insurance.Beximco topped the turnover leaders followed by Beximco Pharma, KDS Accessories, Aftab Auto and Quasem Drycell.

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