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Stocks edge up, DSE turnover dips amid thin trade

Published : Wednesday, 20 February, 2019 at 12:00 AM  Count : 119
Business Correspondent

The indices on the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) gained on Tuesday amid thin trade as the participants were reluctant to make fresh investment.
DSEX, the prime index of the DSE ended at 5,735, gaining 11.40 points or 0.19 per cent over the previous day. Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 7.61 points to finish at 1995 and the DSES (Shariah) index rose 2.85 points to settle at 1,307.
A total number of 132,988 trades were executed in the day's trading session with trading volume of 129.32 million shares and mutual fund units.
The market-cap of the DSE increased to Tk 4,145 billion, from Tk 4,130 billion in the previous day.
The losers took a modest lead over the gainers, as out of 345 issues traded, 165 closed lower, 124 ended higher and 56 remained unchanged on the DSE trading floor.
United Power topped the day's turnover with 1.39 million shares worth Tk 571 million changing hands, closely followed by Bangladesh Submarine Cable Company, Grameenphone, Square Pharmaceuticals and Fortune Shoes.
Alif Industries was the day's best performer, posting a 7.44 per cent gain, while Dulamia Cotton Mills was the worst loser, plunging by 8.37 per cent.
The CSE with the CSE All Share Price Index - CASPI - rose 26 points to settle at 17,568 while the Selective Categories Index - CSCX -gained 16 points to finish at 10,631.

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