Stocks cross 6,500 points for first time
Stocks ended higher today riding on increased demand for banking stocks with the benchmark index hitting the 6,500-mark for the first time.
The index, DSEX, of the Dhaka Stock Exchange (DSE) edged up 54 points, or 0.83 per cent, to 6,535. This is the highest point level since the introduction of the index in 2013.
Investors were showing interest on banking stocks as their prices were low, said a stock broker.
Turnover, a major indicator of the market, is up 5.8 per cent to Tk 2,314 crore.
At the DSE, 178 stocks advanced, 170 declined and 27 remained unchanged.
Paper Processing & Packaging topped the gainers' list that rose 9.94 per cent followed by CVO Petrochemical, Simtex Industries, Genex Infosys Ltd, and Savar Refractories.
The stock of Beximco Ltd traded mostly that worth Tk 109 crore followed by IFIC Bank, SAIF Powertec, Orion Pharmaceuticals, and Genex Infosys.
Peoples Insurance shed mostly that fell 8.50 per cent followed by Prime Insurance, Central Insurance, Pioneer Insurance and Global Heavy Chemicals.
The port city bourse also rose today. The CASPI, the general index of the Chittagong Stock Exchange advanced 155 points, or 0.82 per cent, to 19,014.
Among 326 traded stocks, 165 advanced, 141 dropped, and 20 remained unchanged.