Stocks start week on upbeat note
Dhaka stocks, powered by mutual fund and insurance shares, started the week up yesterday.
The benchmark index of the Dhaka Stock Exchange, DSE General Index, rose 25.75 points, or 0.93 percent, to 2791.2 points. The DSE All Share Price Index grew 20.04 points, or 0.84 percent, to 2389.15 points.
Market insiders said the upward trend of the last week continued on the first trading day of the week, as investors regained confidence gradually from the recent slump.
Turnover still remains low. Analysts said the market would take time to reach a stable position.
Turnover on the prime bourse amounted to Tk 266.98 crore yesterday. A total of 1,45,05,050 shares traded on the DSE.
Of the 231 traded issues, 137 advanced, 82 declined and 12 remained unchanged.
Total market capitalisation rose to Tk 96,987.03 crore from the previous trading day's Tk 96,343.05 crore.
Top ten turnover leaders were Titas Gas, ACI, Beximco Pharma, Square Pharma, Salam Crest, Lanka Bangla Finance, Islami Bank, Square Textiles, AB Bank and Beximco Limited.
Titas Gas, the state-run gas distribution and transmission company, topped the turnover table for the fourth day with 11,00,550 shares worth Tk 43.92 crore.
Chittagong stocks also closed higher. The CSE Selective Categories Index gained 58.14 points, or 1.03 percent, to 5667.55 points, while the CSE All Share Price Index rose 82.94, or 0.96 percent, to 8676.33 points.
A total of 27,52,762 shares worth Tk 36 crore changed hands on the port city bourse. Of the 137 traded issues, 76 advanced, 55 declined and six remained unchanged.
Titas Gas topped the turnover leaders with 80,900 shares worth Tk 3.20 crore. The day's other turnover leaders were Beximco Pharma, AB Bank, Meghna Petroleum, Square Pharma, ICB 2nd NRB Mutual Fund, Beximco Limited, Square Textiles, Jamuna Oil and IPDC.
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