Stocks maintain upward trend with higher transactions

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Economic Reporter :
Stocks maintained upward trend on Wednesday as major indices of both Dhaka and Chittagong stock exchanges were found finishing upward trend with higher transactions of some large-cap securities.
The rising major sectors were financial institutions, insurance and pharmaceutical and chemicals. A total of 151 securities of the large-cap group move up due to higher activities.
The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 45.56 points up at 5,348.20. The Shariah DSES and the blue-Chip DS30 also followed the same trend with 5.90 point up at 1,257.08 and 12.83 points up at 1,894.30 respectively.
The day’s trade value at the DSE increased to Taka 740.62 crore from Tuesday’s Taka 732.47 crore while the daily trade rose to 21.08 crore shares from 17.19 crore shares of the previous session.
At the DSE, prices of 169 securities out of 336 closed higher against 124 losing issues.
The major gaining issues were IPDC, NHFIL, Provati Insurance, Wata Chemical and ILFSL. The major losing issues were Meghna Pet, Shyampur Sugar, Meghna Condense Milk, Samata Leather and Jute Spinning.
BBS Cables topped the turnover list followed by Fortune, UPGDCL, BETHAI and Ifad Autos.
The Chittagong Stock Exchange (CSE) closed the day of the week with upward trend with its major CASPI 139.92 points up at 16,436.04.
At the CSE, 246 issues traded while 129 closed higher against 94 closed lower when 1.06 crore shares worth Taka 30.70 crore changed hands.

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