Stocks end higher for second day

Stocks ended marginally higher for the second running sessions on Tuesday, with turnover falling slightly, as most of the investors remained on buying mood amid optimism.

The market opened with upbeat note and the positive trend sustain till end of the session. DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) went up by 20.54 points or 0.45 per cent to 4,496.35. The two other indices also closed in green. The DS30 index, comprising blue chips, gained 8.55 points or 0.50 per cent to 1,707.91. The DSE Shariah Index (DSES) advanced 4.99 points or 0.46 per cent to finish at 1,083.39.

However, turnover dropped to Tk 4.02 billion, which was 4.51 per cent lower than the previous day’s two weeks high turnover of Tk 4.21 billion. The gainers took a modest lead over the losers as out of 306 traded issues, 161 closed higher, 107 lower and 38 remained unchanged on the DSE trading floor. Saif Powertec dominated the top turnover list with shares of Tk 318 million changing hands followed by IFAD Autos, Beximco Pharma, Olympic Industries and CVO Petrochemical Refinery. Apex Tannery was the day’s best performer, posting a rise of 9.98 per cent while Zaneen Spinning was the day’s worst loser, plunging 6.82 per cent.

The port city bourse Chittagong Stock Exchange (CSE) closed higher with its Selective Categories Index – CSCX – gaining 36.40 points to end at 8,347.25. Gainers beat losers 123 to 73, with 39 issues remaining unchanged on the port city bourse that traded 7.89 million shares and mutual fund units with a value of Tk 268 million. -FE