Stocks maintain positive trend

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DHAKA, July 27, 2020 (BSS) – Like previous day, stocks today witnessed positive trends in Dhaka and Chittagong stock exchanges as optimistic investors showed their appetite following the minimum shareholding ultimatum by the stock market regulator.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 16.30 points or 0.39 percent to settle at 4,145 during the four hours trading.

Two other indices also ended higher. The DS30 index, comprising blue chips, rose 3.20 points to finish at 1,400.88 and the DSE Shariah Index advanced 1.99 points to close at 965.95.

Turnover, another important indicator of the market, stood at Taka 4.37 billion on the country’s prime bourse, which was 18 percent higher than the previous day’s turnover of Taka 3.71 billion.

Most of the shares remained stuck at the trading. Of the issues traded, 160 remained unchanged while 117 issues advanced and 67 declined on the DSE floor.

A total number of 93,273 trades were executed in the day’s trading session with a trading volume of 132.61 million shares and mutual fund units.

The market-cap on the premier bourse also rose to Taka 3,220 billion on Sunday, from Taka 3,217 billion in the previous session.

Khulna Power Company topped the turnover chart followed by Beximco Pharma, Square Pharma, Pioneer Insurance and BATBC.

Agrani Insurance was the day’s best performer, posting a gain of 10 percent while Dacca Dyeing was the worst loser, losing 6.80 percent.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—gaining 46 points to close at 11,796 and the Selective Categories Index – CSCX –rising 29 points to finish at 7,152.

Of the issues traded, 74 gained, 46 declined and 102 remained unchanged on the CSE.

The port city bourse traded 2.81 million shares and mutual fund units with a turnover value of Taka 95 million.