Stocks continue rising trend after eid holidays

Stocks in Bangladesh rose on the first day after eid holidays today and maintained its upward trend for the seventh consecutive sessions.

The DSEX, the benchmark index of the premier bourse in Bangladesh, up 23 points, or 0.37 per cent, to close the day at 6,252.

The DS30, the blue-chip index, increased 0.46 per cent to 2,213 and the DSES, the shariah-compliant index, increased 0.46 per cent to 1,354.

Of the traded securities, 87 advanced, 38 declined and 202 did not show any price movement.

However, turnover, an important indicator of the market, fell to Tk 552 crore from Tk 558 crore posted on the last trading day on April 18.

Heidelberg Cement increased mostly by increasing 9.99 per cent followed by Stylecraft that 9.94 per cent, Khan Brothers PP Woven Bag 9.84 per cent and National Feed Mills 9.34 per cent.

Midland Bank topped the list of losers by shedding more than 5.71 per cent. Zeal Bangla Sugar Mills, Tosrifa Industries, and Al-haj Textiles suffered substantial losses as well.

Unique Hotel was the most-traded stock on the day with its shares worth Tk 56 crore transacted.

Stocks of Sea Pearl Cox's bazar Beach Resort, Apex Footwear, Amara Networks, and Olympic Industries also traded significantly.

The stocks on the Chattogram Stock Exchange also rose today. 

The Caspi, the all-share price index of the bourse in the port city, up 62 points to close at 18,416.

Of the issues, 55 rose, 19 retreated and 60 did not see any price movement.

Turnover at the Chattogram bourse fell 48 per cent from the last trading session to hit Tk 4 crore.