DSEX crosses 4400-point mark again

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BSS, Dhaka :
The boarder price index of Dhaka Stock Exchange (DSE) crossed the 4400-point mark again, with the daily trade volume rising over seven months high after October, 2014.
The DSEX surged by 91.44 points to reach at 4407.42 when the blue-chip DS30 rose to 1665.84 and the Shariah DSES to 1069.67.
The trade volume increased to 20.27 crore shares, the highest after 22.22 crore shares, traded on October 15 last year. The trade value of the day also soared to Taka 753.98 crore, the highest in the past six months.
“Market turnover is continuing to hit the high amid quarterly earnings season, which is conveying positives to the investors’ mind”, said Lanka Bangla Securities Limited.
The higher activities pushed prices of 251 securities up when only 45 incurred losses and 13 remained unchanged.
“With gradual revival of investors’ sentiment and bountiful supply of fresh fund in the bourse, market resumed in uptrend after four sessions of consolidation,” said IDLC Investment Limited.
The major gainers were Singer Bangladesh, Shurwid Industries, Golden Harvest, AFC Cargo and Ruplai Bank. The major losers were CMC Kamal, ICB1stNBR, Karnaphuli, ILFSL and BD Welding.
The major gaining sectors were bank, tannery, cement and textile when the major lagging sectors included food and allied and fuel and power.
KPCL topped the turnover list followed by UPGDCL, BSCCL, BEXIMCO, SPCCL, RAKCERAMIC and ACIFORMULA.
“Market continued to show optimism of the investors followed by the interest rate cut news on the savings instruments that fostered the buying spree among the investors”, said Aims of Bangladesh, an investment firm.
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