Dhaka,  Friday
01 November 2024

Stocks continue gaining streak

Staff Reporter

Published: 08:40, 22 March 2024

Stocks continue gaining streak

Photo : Collected

Country's both the bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- witnessed an upward trend in the week’s last session on Thursday like the previous day as investors continued their buying spree on large-cap issues amid optimism.

DSEX, the prime index of the DSE, went up by 69.08 points or 1.17 per cent to settle at 5,941.66. The DSE 30 Index, comprising blue chips, and the DSE Shariah Index (DSES) also gained 25.44 points to finish at 2,057.72 and 15.46 points closing at 1,293.03.

Turnover, a crucial indicator of the market, increased to Taka 6,100.87 million on the country's premier bourse which was Taka 4,228.31 million at the previous session of the week.

Out of 397 issues traded, 303 closed green, 44 in the red and 50 remained unchanged on the DSE trading floor.
BESTHLDNG topped the turnover chart, followed by LHBL, GOLDENSON, CENTRALPHL and FUWANGCER.

MONOSPOOL was the day's best performer, posting a gain of 9.98 per cent while JUTESPINN was the worst loser, losing 3.73 percent.

The CSE also ended higher with the CSE All Share Price Index - CASPI -advancing 176.74 point to settle at 16,937.19 and the Selective Categories Index - CSCX gaining 105.52 points to close at 10,168.11.

Of the issues traded, 173 advanced, 47 declined and 16 remained unchanged on the CSE.
The port city's bourse traded 51.54 lakh shares and mutual fund units with a turnover value of Taka 18.32 crore.

Meanwhile, the Bangladesh Securities and Exchange Commission (BSEC) has awarded the country's first commodity exchange licence to the Chittagong Stock Exchange (CSE).

State Minister for Commerce Ahsanul Islam Titu handed over the relevant documents for the licence to CSE chairman Asif Ibrahim at the BSEC office in Dhaka on Wednesday, said a press release on Thursday.

BSEC Chairman Professor Shibli Rubayat-Ul-Islam and Central Depository Bangladesh Limited (CDBL) Chairman Sheikh Kabir Hossain were also present at the event.

Before getting the licence, the stock exchange was unable to allocate investments for IT infrastructure, product selection and market model specification, among others.

The CSE has already selected three IT consultants - MIT of Sri Lanka, Intellect Design of India and Chella Software of India. After receiving the licence, CSE will now appoint these consultants.

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