Stocks maintain upward trend on higher transactions

Stocks maintained upward trend on Tuesday as major indices of both Dhaka and Chittagong stock exchanges were found finishing upward with higher transactions of some large-cap securities.

The rising major sectors were IT, engineering, cement and ceramics. A total of 152 large-cap securities moved up due to higher activities.

DSEX, the major price index of the Dhaka Stock Exchange (DSE), closed the day with 18.22 points up at 5,862.33. The Shariah DSES and Blue-Chip DS30 also followed the same trend with 5.07 points up at 1307.39 and with 5.47 points up at 2,103.33.

The day's trade value at DSE increased to Taka 978.08 crore from Monday's Taka 758.67 crore and the daily trade rose to 26.31 crore shares from 23.26 crore shares of the previous session.

At DSE, out of the day's 330 securities, prices of 189 securities closed higher against 104 losing issues.

The major gaining issues were Intech Online, Aramit Cement, Rangpur Foundry, BBS and Monno Ceramic. The major losing issues were Progressive Life Insurance, Pubali Bank, Rupali Bank, Fu Wang Foods and Family Textile.

BBS topped the turnover list followed by BBS Cables, Fortune, Rangpur Foundry and Lanka Bangla Finance.

The Chittagong Stock Exchange (CSE) closed the day of the week with upward trends with its major CASPI 51.55 points up at 18,214.39.

At CSE, 259 issues were traded. Of those, 144 closed higher and 82 closed lower while 1.97 crore shares worth Taka 72.23 crore changed hands.

Source: BSS