Dhaka stocks rise but turnover falls

All of the indexes of the Dhaka Stock Exchange (DSE) rose slightly today despite the lower participation of investors.

The DSEX, the benchmark index of the premier bourse in Bangladesh, added only 7 points, or 0.12 per cent, to close the day at 6,263.

The DS30, the blue-chip index, rose 0.33 per cent to 2,211 while the DSES, the shariah-compliant index, inched up 0.33 per cent to 1,365.

Turnover, an important indicator of the market, dropped about 26 per cent to Tk 509 crore.

Of the securities, 34 advanced, 140 declined and 175 did not show any price movement.

Bangladesh Monospool Paper Manufacturing Company topped the gainers' list with an increase of 8.44 per cent.

Dhaka Insurance was up 8.21 per cent, Orion Infusion rose 7.5 per cent, Gemini Sea Food advanced 7.2 per cent, and Bangladesh Welding Electrodes gained 6.7 per cent.

Metro Spinning topped the list of losers by shedding more than 5.3 per cent. Genex Infosys, ADN Telecom, Lub-rref (Bangladesh), and Reliance Insurance suffered substantial losses as well.

Genex Infosys was the most-traded stock on the day with its shares worth Tk 45 crore transacted. Aamra Networks, Meghna Life Insurance, Gemini Sea Food, and Bashundhara Paper Mills also saw significant turnover.

The stocks on the Chittagong Stock Exchange rose slightly.

The Caspi, the all-share price index of the bourse in the port city, gained 2 points, or 0.01 per cent, to close at 18,457.

Of the issues, 28 rose, 73 retreated and 72 did not see any price movement. Turnover edged up 6 per cent to Tk 8.5 crore.