Biz-Econ

Stocks inch up with bumpy ride

Stocks ended in green zone on Tuesday amid choppy trading, after remaining negative on the previous two sessions, as most of the investors remain cautious ahead of year-end.The market opened with a positive note and witnessed volatility in the mid-session, however, last hour buying helped the market closed flat in green zone. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,596.8, advancing 4.47 points or 0.09 per cent. The DSE Shariah Index (DSES) gained a fractional of 0.41 point or 0.03 per cent to finish at 1,102.57. However, the DS30 index, comprising blue chips, fell 1.69 points or 0.09 per cent to 1,742.37. Turnover activities however came down to Tk 3.90 billion, which was 5.56 per cent lower than the previous session’s Tk 4.13 billion.The gainers took a modest lead over the losers as out of 323 traded issues, 162 closed higher, 127 higher and 34 remained unchanged on the DSE trading floor. ACI Limited dominated the turnover chart with shares of Tk 182 million changing hands followed by Beximco Pharma, Square Pharma, Emerald Oil and Quasem Drycells.. Monno Ceramics was the day’s best performer, posting a rise of 10 per cent while Samata Leather was the worst loser, plunging 8.99 per cent.The port city bourse Chittagong Stock Exchange (CSE) also closed in green with its Selective Categories Index – CSCX – advancing 11.24 points to end at 8,534.48. Losers beat gainers 99 to 96, with 48 issues remaining unchanged on the port city bourse that traded 6.78 million shares and mutual fund units with a value of Tk 218 million. -FE