Stocks continue to rise

Stocks in Bangladesh continued to rise for the fourth consecutive day today.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 18 points, or 0.28 per cent, to 6,259 at the end of the day. In the last four trading days, the index rose 111 points.

Meanwhile, turnover at the DSE dropped 8.8 per cent to Tk 1,057 crore.

Of the securities, 136 stocks advanced, 143 declined and 102 remained unchanged.

Monno Fabrics topped the gainers' list with a 10 per cent rise. Metro Spinning, Union Capital, Rahima Food Corporation, and Orion Infusion also advanced significantly.

Bangladesh Industrial Finance Company shed mostly that eroded 6.72 per cent. BD Thai Food & Beverage, Sonali Life Insurance Company, Sonargaon Textiles and Hwa Well Textiles were also on the top losers' list.

Beximco Ltd became the most traded stock with shares worth Tk 96 crore changing hands followed by Bangladesh Shipping Corporation, LafargeHolcim Bangladesh, Malek Spinning Mills, and Orion Infusion.

The Chittagong Stock Exchange (CSE) also rose today. The CASPI, all share price index of the port city bourse, went up 20 points, or 0.11 per cent, to 18,390.

At the CSE, 101 stocks up, 111 down and 85 did not show any price movement.