Stocks break six-day losing spell

Stocks rebounded on Thursday, snapping the six consecutive days of losing spell as optimistic investors went on a buying spree on lucrative issues. The market opened on a higher note and continued until the end of the session.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared 62.03 points or 1.41 per cent to 4,433.57. The two other indices also ended higher. The DS30 index, comprising blue chips, rose 24.56 points or 1.47 per cent to 1,689.08. The DSE Shariah Index (DSES) advanced 12.47 points or 1.18 per cent to finish at 1,067.47.

The DSE turnover also improved to Tk 3.04 billion, which was 19.21 per cent higher than the previous session’s turnover of Tk 2.55 billion lowest in eight months. The gainers took a strong lead over the losers as out of 313 traded issues, 228 closed higher, 54 lower and 31 remained unchanged on the DSE trading floor.

Titas Gas continued to top the turnover chart for the four consecutive sessions with shares of Tk 295 million changing hands followed by IFAD Autos, Beximco Pharma, Beximco and Square Pharma. Titas Gas was the day’s best performer, posting a rise of 10 per cent after witnessing a drastic fall in the last few sessions while Aman Feed was the day’s worst loser, plunging 12.47 percent.

The port city bourse Chittagong Stock Exchange (CSE) ended higher with its Selective Categories Index – CSCX – surging 114.09 points to end at 8,248.20. Gainers beat losers 150 to 50, with 20 issues remaining unchanged on the port city bourse that saw trading in 6.88 million shares and mutual fund units with a value of Tk 204 million. -FE