Stocks gain a day before 4-day closure
Bangladesh Securities and Exchange Commission (BSEC) today announced closure of the stock market for the next four days just hours after the Dhaka bourse ended the day's trading with a 100-point gain.
The BSEC took the decision as Bangladesh Bank today said banks will remain closed from Thursday to Sunday due to bank holiday, weekends and lockdown.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 107 points, or 1.78 per cent to 6,150.48 just a day before the beginning of a countrywide lockdown from tomorrow.
Here, the stock market regulator said trading will continue from 10am to 1pm from July 5 to July 7.
Today, another important indicator of the DSE, turnover, rose 22.5 per cent to Tk 1,407 crore.
At the DSE, 307 stocks advanced, 41 declined and 23 remained unchanged.
Northern Insurance topped the gainers' list that rose 10 per cent followed by Sonali Life Insurance, United Insurance, Paper Processing & Packaging, and S Alam Colled Rolled Steels.
Stock of Square Pharmaceuticals traded mostly that worth Tk 87 crore followed by Beximco Ltd, Keya Cosmetics, Delta Life Insurance, and Sandhani Insurance.
Monno Fabrics shed mostly that fell 9.73 per cent followed by Bangladesh Monospool Paper Manufacturing, Usmania Glass, Genex Infosys Ltd, and Fine Foods.
The port city bourse also rose today. The CASPI, the general index of the Chittagong Stock Exchange, increased 342 points, or 1.96 per cent, to 17,816.
Among 316 traded stocks, 257 advanced, 42 dropped, and 17 remained unchanged.