Stocks return to positive zone again with higher turnover

Staff Correspondent | Published: 23:04, Dec 05,2016

 
 

Dhaka stocks returned to the positive zone with an increased turnover on Monday as investors were active on the trading floor after a dull session in the previous day.
The key index of Dhaka Stock Exchange, DSEX, finished at 4,836.32 points, gaining 0.29 per cent or 14.03 points.
Benchmark DSEX had inched down on Sunday amid profit booking after gaining 30 points in the previous three trading sessions.
Turnover at the bourse also increased on Monday to Tk 807.78 crore from the previous day’s Tk 733.40 crore.
Market operators said that the overall positive vibe at the market in the last few days was the key reason for the investors’ optimism on the day.
They said that the prices of large-cap scrips rose on the day that also helped the market to stay in the positive zone.
‘After the week started with a flat session yesterday [Sunday], the market is again back to upward trend today [Monday] taking the broad index to a new high for 2016. Most of the stocks of IT and engineering sectors were up while the travel and leisure sector was among the biggest laggards,’ said LankaBangla Securities in its daily market commentary.
The engineering sector was the top gainer of the day that rose 0.89 per cent followed by telecommunications 0.61 per cent, fuel 0.43 per cent, pharmaceuticals 0.27 per cent and bank 0.12 per cent.
Of the 321 companies and mutual fund traded, 146 advanced, 129 declined and 46 remained unchanged.
DS30, the blue-chip index of the DSE, ended flat by adding 0.05 per cent, or 1.06 points, to close at 1,784.36 points on Monday.
The Shariah index, DSES, finished at 1,151.64 points, gaining 0.18 per cent or 2.08 points.
Shasha Denim led the turnover chart on Monday with its shares worth Tk 32.21 crore changing hands.
Bangladesh Building System, IFAD Autos, Keya Cosmetics, BEXIMCO, RSRM Steels, Active Fine, GPH Ispat, Argon Denim and Orion Pharmaceuticals were the other turnover leaders on the day. 

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