Economic Reporter :
Stocks extended the wining streak on Sunday to open week in positive mode when all the market indicators closed the session in green. The stock market also finished last week on Thursday upward.
The DSEX index of Dhaka Stock Exchange (DSE) maintained up trend on the opening day of the week, with 13.70 points gains to finish at 4654.74 when the blue-chip DS30 closed the day at 1777.51 and the Shariah DSES ended at 1125.48.
“The recent strength on DSE partly reflects bargain hunting on the heels of the recent weakness, which came amid concerns about the economic outlook,” said Lanka Bangla Securities Limited (LBSL).
Market activities were higher before mid-day that pushed the prices of the majority of the traded issues up. Out of the day’s 319 issues traded, 171 gained, 96 incurred loss and 52 remained static.
Cement, NBFI and textile sectors advanced considerably when the major gaining securities were Hakkani Pulp, Apex Spinning, Global Ins, Federal Ins and Republic Insurance.
The major lagging sectors included bank, fuel and power and telecom while the most losing scrips were Quasem Drycell, Gemini Sea Food, Libra Infusion, Aramit and Orion Infusion.
Stocks extended the wining streak on Sunday to open week in positive mode when all the market indicators closed the session in green. The stock market also finished last week on Thursday upward.
The DSEX index of Dhaka Stock Exchange (DSE) maintained up trend on the opening day of the week, with 13.70 points gains to finish at 4654.74 when the blue-chip DS30 closed the day at 1777.51 and the Shariah DSES ended at 1125.48.
“The recent strength on DSE partly reflects bargain hunting on the heels of the recent weakness, which came amid concerns about the economic outlook,” said Lanka Bangla Securities Limited (LBSL).
Market activities were higher before mid-day that pushed the prices of the majority of the traded issues up. Out of the day’s 319 issues traded, 171 gained, 96 incurred loss and 52 remained static.
Cement, NBFI and textile sectors advanced considerably when the major gaining securities were Hakkani Pulp, Apex Spinning, Global Ins, Federal Ins and Republic Insurance.
The major lagging sectors included bank, fuel and power and telecom while the most losing scrips were Quasem Drycell, Gemini Sea Food, Libra Infusion, Aramit and Orion Infusion.
