DSEX crosses 4,300-mark

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Economic Reporter :
Stocks on Wednesday sustained the gaining streak for the ninth consecutive sessions as optimistic investors continued their buying binge on selective issues riding on new hopes.
The prime index of the Dhaka Stock Exchange (DSE) crossed the 4,300-mark after five months to close at 4,307.15, went up by 8.04 points or 0.18 percent.
Two other indices, however, closed in the red. The DS30 index, comprising blue chips, shed 2.47 points to finish at 1,452.42 and the DSE Shariah Index lost 2.38 points to close at 997.43.
Turnover, another important indicator of the market, stood at Taka 7.18 billion on the country’s prime bourse, which was 6.21 percent lower than the previous day’s turnover of Taka 6.76 billion.
Of the issues traded, 155 advanced, 123 declined and 74 issues remained unchanged on the DSE floor.
A total number of 152,753 trades were executed in the day’s trading session with a trading volume of 278.66 million shares and mutual fund units.
The market-cap on the premier bourse also rose to Taka 3,318 billion on Wednesday, from Taka 3,312 billion in the previous session.
Pioneer Insurance topped the turnover chart, followed by Bangladesh Submarine Cable Company, Beximco and Indo-Bangla Pharma.
Bangladesh Submarine Cable Company was the day’s best performer, posting a gain of 10 percent while Samata Leather Complex was the worst loser, losing 5.85 percent.
The Chittagong Stock Exchange (CSE) also edged higher with its All Shares Price Index (CASPI)-gaining 43 points to close at 12,230 and the Selective Categories Index – CSCX -advancing 25 points to finish at 7,410.
Of the issues traded, 113 gained, 90 declined and 61 remained unchanged on the CSE.
The port city bourse traded 8.74 million shares and mutual fund units with turnover value of Tk 174 million.
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