Stocks continue gaining

The Dhaka stocks rallied today sending the benchmark index to near 6,700 amid retail investors' increased participation.

The DSEX, the prime index of the Dhaka Stock Exchange (DSE), rose 76 points, or 1.14 per cent, to 6,699 today, maintaining upward trend for the second day.

DS-30, the blue-chip stock index, soared 29 points to 2,427 on the day. The shariah-index of the premier bourse, DSES, rose 14 points to 1,459. All the three indices reached their historical highs since introduction in 2013.

"Investors are upbeat," said a stock broker, "There is a view that the market has scope to rise further. So they are investing."

"Many good scrips are still lucrative," he said but cautioned that some stocks were already overvalued which may cause loss of investment.

If they can invest into well-performing stocks then they will be gainer, he added.

Beximco Ltd and Beacon Pharmaceuticals led the gains with DSEX adding 21 points. Beximco stocks rose 4.78 per cent to Tk 107.5 While Beacon advanced 7.27 per cent to Tk 213 today from the previous day.

Turnover rose 20 per cent to Tk 2,661 crore today from the previous day. 

At the DSE, 209 stocks advanced, 144 declined and 23 remained unchanged.

South Bangla Agriculture & Commerce Bank topped the gainers' list that rose 10 per cent followed by CVO Petrochemical, Shyampur Sugar, C&A Textiles, and Ring Shine.

Stock of Beximco Ltd traded mostly that worth Tk 259 crore followed by LankaBangla Finance, IFIC Bank, Alif Industries and Beximco Pharmaceuticals.

IFIL Islamic Mutual Fund One shed mostly that fell 5.55 per cent followed by Paper Processing and Packaging, Prime Insurance and Bangladesh Monospool Paper and Manufacturing.

The port city bourse also rose today. The CASPI, the general index of the Chittagong Stock Exchange, advanced 237 points, or 1.23 per cent, to 19,515.

Among 323 traded stocks, 192 advanced, 104 dropped, and 27 remained unchanged.