Stocks keep rising

block

Business Desk :
Stocks extended the winning streak for the fourth straight session on Sunday as the buoyant investors continued to put fresh bets on lucrative issues amid optimism.
The market opened higher and the upbeat note sustained until the end of the session with no sign of reversal as recent regulatory intervention kept the investors afloat on the trading floor.
DSEX, the core index of the Dhaka Stock Exchange (DSE), went up by 97.58 points or 1.46 per cent to settle at nearly 6,766.
The DSEX recovered 309 points in the past four consecutive sessions after the stock market regulator imposed the lowered circuit breaker limit to 2.0 per cent from 10 per cent.
Two other indices also closed higher with the DSE 30 Index, comprising blue chips, rose 38.08 points to finish at 2,463 and the DSE Shariah Index (DSES) gained 17.77 points to close at 1,453.
Turnover, a crucial indicator of the market, however, dropped below Tk 10 billion-mark again and amounted to Tk 9.98 billion, which was 6.0 per cent lower than the previous day’s tally of Tk 10.61 billion.
Market analysts said the recent regulatory steps boosted the investors’ confidence in the market.

block