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The Financial Express

Stocks keep rising for third straight day

  Turnover drops 17pc on prime bourse


| Updated: September 01, 2022 12:23:32


Stocks keep rising for third straight day

Stocks extended their gaining streak for the third straight session on Monday as some investors put fresh funds on major sector shares.

The market opened higher and the key index rose about 40 points within the two hours of trading, but rest of the session eroded most of the early gains amid profit booking tendency among investors.

Finally, DSEX, the prime index of the Dhaka stock exchange, went up by 6.17 points or 0.09 per cent to finish at 6,407.98, the highest in two months.

Turnover, a crucial indicator of the market, stood at Tk 17.45 billion on the country’s premier bourse, which was 17 per cent lower than the previous day’s mark of Tk 21.05 billion.

The DS30 index, comprising blue chips, also advanced 4.35 points to finish at 2,275 and the DSE Shariah index gained 2.94 points to close at 1,393.

Losers took a modest lead over the gainers as out of 382 issues traded, 188 declined, 123 higher and 71 issues remained unchanged on the DSE trading floor.

Beximco became the most-traded stock with shares worth Tk 850 million changing hands.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index (CASPI) gaining 5.61 points to settle at 18,829 and its Selective Categories Index (CSCX) rising 3.46 points to close at 11,285.

Of the issues traded, 135 advanced, 114 declined and 61 issues remained unchanged.

The port-city bourse traded 14.62 million shares and mutual fund units with turnover value of Tk 420 million.

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