Stocks inch up on marginal rise in large cap

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Economic Reporter :
Stocks market inched up on Monday on marginal rise in the large-cap securities when some investors were buying mostly for repositioning.
All the major sectors including cement, engineering, fuel and power and pharmaceuticals gained on the day, taking price indices to green zone at the country’s twin stock exchanges. The daily transaction, however, was down as the buying was cap-focused.
The broader DSEX of Dhaka Stock Exchange (DSE) finished the second session of the week 8.36 points up at 4533.71. The blue-chip DS30 and Shariah DSES followed it by 4.53 points up at 1774.81 and 4.15 points up at 1113.26 respectively.
Similarly, the prime CASPI index at Chittagong Stock Exchange (CSE) was 34.96 points up at 13,952.23.
On the other hand, the transaction at DSE was down when volume of the total shares fell by over 25.0 percent to 9.68 crore and the total value decreased by nearly 25.0 percent to Taka 377.73 crore.
At DSE, out of the day’s 326 traded issues, 139 closed higher against 134 losing scrips. At CSE, 252 issues traded while 126 issued higher against 95 issued lower.
The major gaining issues were National Feed Mill Limited, Reliance 1, Renwick Ja, Monno Staf and United Air. The major losing companies were CVO Petrochemical Refinery Ltd (CVOPRL), Sonar Bains, Mercins, Aziz Pipes and Modern Dye.
MJLBD topped the turnover leaders followed by Sonar Bains, Islami Bank, Square Pharma and BSRM Limited.
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