Dhaka stocks hit three-month high

The benchmark index of the Dhaka bourse hits three-month high today thanks to the increased participation of high net-worth investors.

The DSEX, the main index of the Dhaka Stock Exchange (DSE), rose 39 points, or 0.70 per cent, to stand at 5,645.69.

The index ended the day at 5,646 on last February 4, according to data from the premier bourse.

Big investors are pouring funds in the market, which is helping the index to maintain a rising trend, said market analysts.

However, the DSE's turnover, an important indicator of the market, dropped 9 per cent to Tk 1,352 crore.

At the bourse, 176 companies' stocks advanced, 126 declined and 63 remain unchanged.

Simtex Industries topped the gainers' list that rose 10 per cent followed by eGeneration, Lub-rref (Bangladesh), Tallu Spinning and VFS Thread.

Beximco became the most traded stock with shares worth Tk 122 crore changing hands followed by National Feed Mills, Robi Axiata, Square Pharmaceuticals, and British American Tobacco Bangladesh.