Stock index crosses 5,800 after 4 months

The benchmark index of Dhaka Stock Exchange (DSE) went past 5,800 yesterday after around four months thanks to increased participation of investors.

The DSEX rose 62 points, or 1.08 per cent, to end the day at 5,813 points.

The index has been rising for the last couple of days because of the higher participation of investors in a buoyant mood, according to market analysts.

However, turnover, an important indicator of the stock market, plunged 2.4 per cent to Tk 1,418 crore.

Advent Pharma topped the gainers' list with a 10 per cent rise followed by Nurani Dyeing & Sweater, Shurwid Industries, Tung Hai Knitting and Dyeing and Index Agro Industries.

Beximco traded the most with shares worth Tk 83 crore changing hands followed by Saif Powertec, Robi Axiata, Summit Power and National Feed Mills.

At the DSE, 231 stocks rose, 88 declined and 49 remained unchanged. Malek Spinning Mills shed the most dropping 4.3 per cent followed by Emerald Oil Industries, eGeneration, Mercantile Insurance Company and Islami Insurance Bangladesh.

Chittagong Stock Exchange also rose yesterday. The Caspi, the general index of the port city bourse, surged 190 points or 1.14 per cent to stand at 16,849. Among the 292 stocks to witness trade, 192 advanced, 68 fell and 32 remained the same.