Stocks edge higher

Stocks edged marginally higher for the second running sessions on Wednesday amid volatile trading as investors remained active on lucrative stocks.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 7.70 points or 0.41 per cent to end at 4,816.35, after witnessing volatility almost throughout the trading session. The two other indices also ended in green. The DS30 index, comprising blue chips, gained 7.49 points or 0.41 per cent to settle at 1,849.35. The DSE Shariah Index (DSES) advanced 3.97 points or 0.33 per cent to close at 1,188.30.

However, the market turnover remained low and amounted to Tk 5.50 billion, which was 4.16 per cent higher than the previous day’s Tk 5.28 billion. Gainers took a marginal lead over the losers as out of 319 issues traded, 155 closed higher, 116 lower and 48 remained unchanged on the DSE trading floor. Square Pharma dominated the turnover chart with shares of Tk 245 million changing hands followed by Apex Tannery, United Power Generation and Distribution, Islami Bank and RSRM Steels. Apex Spinning was the day’s best performer, posting a rise of 9.89 per cent while Eastern Lubricant was the day’s worst loser, plunging by 6.90 per cent.

The port city bourse Chittagong Stock Exchange (CSE) also closed marginally higher with its Selective Categories Index – CSCX – gained 27.55 points to end at 8,991.07. Gainers beat losers 121 to 98, with 34 issues remained unchanged on the port city bourse that traded 12.37 million shares and mutual fund units with a value of Tk 863 million.