FE Report
Dhaka
stocks ended higher for the third running session with stable turnover
level while Chittagong stocks closed higher after one session as
investors went for buying mainly multinational companies stocks.
The
Grameenphone (GP), the most weighted shares in the Dhaka Stock Exchange
(DSE), gained 5.13 per cent, which contributed the most behind day's
positive movement, said a merchant banker.
The
DGEN went up 50 points within the first 30 minutes upon resumption of
trading. The uptrend continued till the market closure amid modest
see-saw and finally ended 55 points higher.
The benchmark general index of the Dhaka Stock Exchange (DGEN) surged 55 points or 1.27 per cent to close at 4,310.67 points.
The
DSE broader All Share Price Index (DSI) gained 46.14 points or 1.26 per
cent to end at 3,690.20. The DSE-20 Index including blue chips shares
rose 31.28 points or 0.89 per cent to close at 3,541.28.
On
the other hand, the CSE Selective Category Index (CSCX) gained 122.75
points to close at 8,450.37. The CSE All Share Price Index went up by
190 points to 13,272.57 while CXE-30 Index advanced 74.30 points to
close at 11,219.16.
"Market
participants were favoring investments in the multinational companies
with good corporate governance and positive earnings outlook as capital
preservation was preferred among the investors," commented IDLC
Investments Ltd, a leading merchant bank.
However, turnover remained flat and was hovering at the low level, the merchant bank added.
"Most
of the gain was attributable to multinational companies. Although top
traded companies acted positively to the day's market rally," sated
LankaBangla Securities.
Total
turnover value on the DSE stood at Tk 2.91 billion against Tk 2.86
billion in the previous session. Out of 266 issues traded on the DSE,
210 advanced, 48 declined and eight remained unchanged.
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