DSE turnover rises to Tk 967 crore

Turnover at the Dhaka Stock Exchange (DSE) rose over 26 per cent from the previous day to reach near Tk 1,000 crore today thanks to increased participation of the investors amid a rising trend in the benchmark index.

The DSEX, the benchmark index of the premier bourse in Bangladesh, rose for the tenth consecutive day and it edged up 7 points or 0.12 per cent from the previous day to close at 6,274 today.

The DS30, the blue-chip index, however, fell 0.20 per cent to 2,208 and the DSES, the shariah-compliant index, increased 0.22 per cent to 1,362.

Of the traded securities, 79 advanced, 62 declined and 210 did not show any price movement.

Turnover, an important indicator of the market, grew 26 per cent to Tk 967 crore that was Tk 765 crore on the previous day.

IT Consultants increased mostly with an 8.78 per cent rise followed by Jute Spinners that rose 8.74 per cent, Apex Foods up 8.73 per cent, Rahima Food Corporation grew 8.66 per cent and Kohinoor Chemicals gained 7.98 per cent.

Uttara Bank topped the list of losers by shedding more than 12.35 per cent. Midland Bank, Aramit Cement, Gemini Sea Food, and Legacy Footwear suffered substantial losses as well.

Genex Infosys was the most-traded stock on the day with its shares worth Tk 45 crore transacted.

Stocks of Unique Hotel, Bangladesh Shipping Corporations, Eastern Housing and Bashundhara Paper Mills also traded significantly.

The stocks on the Chittagong Stock Exchange also rose today. The Caspi, the all-share price index of the bourse, up 14 points, or 0.08 per cent to close at 18,466.

Of the issues, 44 rose, 45 retreated and 68 did not see any price movement. Turnover at the port city bourse, however, declined 17 per cent to Tk 7.95 crore.