Dhaka stocks rise for second day

Stocks in Bangladesh soared for the second consecutive day today after the regulator lowered the limit of the circuit breaker to stop the free fall of the index.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 131 points, or 2.10 per cent, to 6,369 at the end of the day.

At the DSE, 342 stocks advanced, 25 declined and 10 remained unchanged.

Meanwhile, both the DS30, the blue-chip index, and DSES, shariah based index, advanced by 39 points and 26 points respectively.

Turnover of the DSE also rose 54 per cent to Tk 833 crore from the previous day's Tk 539 crore.

IPDC Finance topped the gainers' list which rose 9.97 per cent. Paper Processing, Tamijudding Textile, Alltex Industries and Dulamia Cotton were on the list.

Prime Insurance shed mostly that dropped 1.95 per cent. Islami Bank, First Finance, Beacon Pharmaceuticals, and Exim Bank were among the other companies in the loser tally.

Beximco Ltd became the most traded stock with shares worth Tk 57 crore changing hands followed by IPDC Finance, BD Finance, GSP Finance, and RD Food.

Earlier on Thursday, the Bangladesh Securities and Exchange Commission (BSEC) reduced the lower limit of the circuit breaker so that no stocks can fall more than 2 per cent in a day.

The Chittagong Stock Exchange (CSE) also was on the rising trend today. The CASPI, the all share price index of the port city bourse, advanced 367 points, or 2 per cent, to 18,647.

Among the 278 stocks traded, 230 advanced, 34 fell and 14 remained the same.