Stocks rise after falling for three days
The benchmark index of the Dhaka Stock Exchange (DSE) rose today after falling for the past three trading days, although investors remained hesitant to pour money into the capital market amidst ongoing economic uncertainties.
The DSEX, the broad index of the country's premier bourse, grew by 15.12 points, or 0.29 percent from that on the previous day before closing at 5,184.
Likewise, the DSES index that represents the Shariah-based companies edged up by 7.95 points, or 0.87 percent, to 1,166.
The DS30 index for the blue-chip firms went up by 4.26 points, or 0.22 percent, to 1,927.
At Chittagong Stock Exchange (CSE), the CSE All Share Price Index (CASPI), the prime index of the port city bourse, saw the opposite, as the index dropped by 53.78 points, or 0.37 percent, to settle the day at 14,435.
Out of the 396 issues that were traded on the DSE trading floor, 187 saw a rise in prices, 128 closed lower and the rest did not witness any price swing.
Turnover, which is the total value of the shares traded on the country's premier bourse, stood at Tk 282 crore, an increase of 2.33 percent compared to that on the previous day's trading session.
Orion Infusion Ltd emerged as the most traded share, with a turnover of Tk 18 crore.
Most of the large-cap sectors, meaning those that account for large amounts in market capitalisation, which is the value of their existing stocks, posted a positive performance, according to the day's market update by BRAC EPL Stock Brokerage.
Non-bank financial institutions (NBFIs) booked the largest gain of 1.67 percent, followed by food and allied (0.86 percent), engineering (0.46 percent), fuel and power (0.41 percent), and pharmaceuticals (0.23).
However, telecommunications logged a loss of 0.06 percent, and the banking sector recorded a 0.26 percent loss.
Shares of companies like Beacon Pharmaceuticals, Al-Arafah Islami Bank, BAT Bangladesh, Power Grid Company of Bangladesh, Olympic Industries, Kohinoor Chemicals, BRAC Bank, Khan Brothers PP Woven Bag Industries, Bangladesh Shipping Corporation and LafargeHolcim Bangladesh drew investors the most, said LankaBangla Finacials.
But none of the companies saw a double-digit growth in share prices.
Islami Bank Bangladesh, Jamuna Oil, Square Pharmaceuticals, Renata, Eastern Bank, City Bank, Pubali Bank, Daffodil Computers, Heidelberg Materials Bangladesh and Mercantile Islami Insurance suffered losses.
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