Stocks break losing streak

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Economic Reporter :
Stock markets returned to a green zone on Monday after showing downward trend in the previous 13 sessions as the issues across both Dhaka and Chittagong stock exchanges were found finishing upward trend with higher activities of large-cap securities.
The markets were downbeat in the last 13 days, taking the broader index at the prime bourse down at the close of every trading session since April 30.
The broader index of DSEX closed the session of the week with 22.59 points up at 5,413.29. The Shariah DSES also followed the same trend with 2.93 points up at 1,268.18. But, the blue-chip DS30 closed the day with 1.92 points down at 2007.09.
The day’s trade value at DSE increased to Taka 561.81 crore from Sunday’s Taka 395.66 crore and the daily trade also increased to 13.48 crore shares from 9.47 crore shares of the previous session.
At the DSE, out of the day’s 333 securities, prices of 199 securities closed higher against 94 losing issues.
The major gaining issues were Prime Life, GHAIL, Far East Life, Central Insurance and RN Spinning. The major losing companies were Karnaphuli, ECABLES, EBL, Standard Insurance and Asian Insurance.
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