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Bourses continue to gain

DSEX crosses 5800-point mark on buying spree

Published : Monday, 14 January, 2019 at 12:00 AM  Count : 137
Business Correspondent

Indices on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) rose on Sunday as the investors maintained their buying spree, following a trend set ahead of December 30 parliamentary election.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,860, gaining 62.91 points or 1.08 per cent over the previous session.
The two other indices also followed the suit. The DS30 index, comprising blue chips, went up by 18.68 points to close at 2,030 and the DSE Shariah Index (DSES) advanced 11.21 points to close at 1,329.
Bullish sentiment also reflected on the trading activities as total turnover stood at Tk 9.74 billion, which was 8.58 per cent higher than the previous day's Tk 8.97 billion.
A total number of 208,927 trades were executed in the day's trading session with trading volume of 247.23 million shares and mutual fund units.
The market-cap of DSE increased to Tk 4,137 billion which was Tk 4,105 billion in the previous day.
The gainers took a strong lead over the losers as out of 344 issues traded, 228 advanced, 76 declined and 40 issues remained unchanged on the DSE floor.
BBS Cables dominated the turnover chart with 3.82 million shares worth Tk 427 million changing hands, followed by Khulna Power Company, Olympic Industries, CVO Petrochemicals Refinery and Dhaka Bank.
Low-cap companies continued to dominate the gainers chart with Savar Refractories was the day's best performer, posting a gain of 9.95 per cent.
The CSE with its  All Share Price Index - CASPI - rose 179 points to settle at 17,945 points and Selective Categories Index - CSCX -advanced 109 points to finish at 10,836.

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