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Friday, June 3, 2016, Jaistha 20, 1423 BS, Shaban 26, 1437 Hijri


Stocks up as budget for upcoming financial year announced
Business Correspondent
Published :Friday, 3 June, 2016,  Time : 12:00 AM  View Count : 19
Indices advanced on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) on Thursday as a spree to buy shares returned among the investors as an ambitious national budget for the fiscal year 2016-17 was placed at the parliament in the afternoon, dealers said.
The market ended higher Thursday, after remaining flat in the past three sessions, as investors went on buying spree amid budgetary expectations.
DSEX, the prime index of the DSE advanced 24.29 points or 0.55 per cent to 4,446.08 while the DS30 index, comprising blue chips, rose  15.06 points or 0.86 per cent to 1,761.18 and the Shariah Index DSES rose 5.43 points or 0.49 per cent to 1,096.98 at the close of the session.
At the CSE its Selective Categories Index CSCX jumped 45.93 points to close at 8,329.70 points as gainers beat losers 113 to 76, with 41 issues remaining unchanged. The port city bourse traded 13.03 million shares and mutual fund units with a value of over Tk 387 million.
At the DSE the turnover advanced three weeks high to Tk 4.93 billion on the DSE, up 38 per cent higher from the previous day's Tk 3.58 billion. Gainers took a strong lead over the losers, as out of 318 issues traded, 167 closed higher, 96 closed lower and 55 remained unchanged on the DSE trading floor.
Shahjibazar Power Company dominated the turnover chart with 2.10 million shares worth nearly Tk 285 million changing hands, followed by Beximco Tk 210 million, United Airways Tk 179 million, Lafarge Surma Cement Tk 174 million and Titas Gas Transmission and Distribution Company Tk 168 million.
Rupali Life Insurance was the day's best performer, posting a gain of 7.14 per cent, while Modern Dyeing and Screen Printing was the worst loser, plunging by 5.53 per cent.
The port city bourse Chittagong Stock Exchange (CSE) closed higher with its Selective Categories Index- CSCX - advancing 45.93 points to close at 8,329.70 points.
Gainers beat losers 113 to 76, with 41 issues remaining unchanged on the port city bourse that traded 13.03 million shares and mutual fund units with a value of over Tk 387 million.










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