Stocks bounce back on week's closing session

FE Report
Stocks bounce back on week's closing session



Dhaka stocks bounced back Thursday, the week's last trading session, after the fall observed in previous four consecutive sessions amid mixed performance of major sectors such as banks and non-banking financial institutes.

On the day all indices rose marginally although the turnover value declined a little bit on Dhaka Stock Exchange (DSE).

On the port city bourse--Chittagong Stock Exchange (CSE), all market barometers also rose as majority number of listed securities ended in green.

On Thursday, Benchmark index DSEX rose 0.31 per cent or 14.74 points to close at 4797.95 points on Dhaka bourse.

DSE Shariah Index went up by 0.17 per cent or 1.98 points to close at 1136.33 points whereas DSE30 also rose 0.22 per cent or 4.03 points to close at 1778.80 points.

Among 306 traded issues, 172 advanced, 85 declined and remaining 49 remained unchanged.

At the end of the day's trading session, turnover value stood at above 2.23 billion which is 20.87 per cent less than the value observed in previous trading session.

C & A maintained to secure top spot in the list of most traded stocks for the third consecutive session with a value of Tk 119.37 million followed by Lafarge Surma Cement Tk 76.61 million, National Feed Mill Tk 68.08 million, IDLC Tk 62.54 million, Western Marine Shipyard Tk 54.45 million, Grameenphone Tk 52.80 million, BRAC Bank Tk 52.34 million, Summit Alliance Port Tk 50.24 million, BEXIMCO Tk 44.02 million and Envoy Textile Tk 40.67 million.

C & A also topped the chart of top 10 gainers with a rise of 19.09 per cent in market price whereas Pragati Life Insurance was the day's worst loser with a fall of 4.12 per cent in market price.

On Chittagong Stock Exchange (CSE), benchmark index CASPI rose 70.84 points to close at 14730.02 points.

Among 220 traded issues, 130 advanced, 59 declined and remaining 31 remained unchanged.

At the end of the day's trading session, the turnover value stood at Tk 264.16 million on the port city bourse.

Meanwhile, DSE urged the central bank for playing more market supportive role.

The premier bourse made the plea in a letter signed by DSE managing director Dr. Swapan Kumar Bala and sent to the central bank and the securities regulator on January 19 last.

When contacted, Mr. Bala confirmed the FE about the issue of letter.

Mr. Bala, however, was not able to specify the demands mentioned in the letter as he was busy at that moment. He, however, said the DSE demanded more support from the central bank.

The official sources said the DSE requested the central bank to widen banks' investment scope into the capital market.

The DSE Thursday said on its website that category of Shurwid Industries has not yet been changed as any court order regarding the status of holding of AGM (annual general meeting) is yet to be received by the exchange.

According to DSE, the company applied for changing its category as 15 per cent bonus dividend was credited through CDBL on January 20, 2015 for the year 2014.

mufazzal.fe@gmail.com
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