Stock rise for second day

Stock index of Dhaka bourse continued to rise for the second consecutive day today while its turnover remained low.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged up 16 points, or 0.25 per cent, at 6,344.

Turnover at the DSE rose around 19 per cent to Tk 741 crore which was Tk 623 crore on the previous trading day.

Though the turnover rose compared to the previous day, it is quite low compared to the last week's daily average turnover of Tk 1,160 crore.

The DS30, the index that consists of blue-chip companies, went up 0.24 per cent to 2,249, while the DSES, the Shariah-complaint index, increased 0.19 per cent to 1,393.

At the DSE, 71 securities advanced, 46 declined, and 237 remained the same at the bourse.

eGeneration Ltd topped the gainers' list, advancing 9.94 per cent. Navana Pharmaceuticals, Sea Pearl Beach Resort and Spa, Paper Processing & Packaging and Bangladesh Monospool Paper Manufacturing also rose over 8 per cent.

Rangpur Foundry suffered the highest correction, sliding almost 5 per cent. Sonali Paper & Board Mills, Yeakin Polymer, Bangladesh Building Systems, and BDCOM Online also came in the top losers' list.

The CASPI, the all-share price index of the Chattogram Stock Exchange, increased 24 points, or 0.12 per cent to end at 18,677.

Of the issues, 48 advanced, 43 declined, and 110 did not show any price movement.