Stocks up on budget day 

The prime index of Dhaka Stock Exchange (DSE) gained marginally amid increased participation from the investors on the day when Finance Minister AMA Muhith announced the budget for the fiscal 2015-16 yesterday.
DSEX, the benchmark index of DSE, gained 4.58 points or 0.10 per cent to close at 4591.43 on the day.  DSE30 index, comprising blue chips, gained 7.29 points or 0.41 per cent to end at 1,765.18 points. The Shariah Index DSES also slightly up by 4.23 points or 0.37 per cent to close at 1,117.59 points.
Turnover, the crucial indicator of the market, fell drastically to Tk 4.99 billion, which was 31.17 per cent lower than the previous session’s Tk 7.25 billion. Shares worth Tk 499.26 crore changed hands at the DSE yesterday as against Tk 725.01 crore on Tuesday.
The market moved heavily between red zone and green zone throughout the session as investors were cautious ahead of budget announcement. Out of the 310 issues traded, 160 suffered loss when 112 gained and 38 remained static. Stock market remained closed on Wednesday for the holy Shab-e-Baraat.
“Investors’ mixed sentiment regarding budgetary expectation caused the market to witness a temperamental session in the day,” International
Leasing Securities Limited, a stock brokerage said.
“A majority of the investors were remained on the sideline as depicted by the 31 per cent drop in daily market turnover ahead of national budget declaration,” stock brokerage added.
Buying of shares from pharmaceuticals and cement sectors helped the bourse to end in marginally positive despite the price correction in issues bank and telecommunication sectors.
Summit Power topped the turnover leaders followed by KPCL, Beximco, AFC Agro and Far Chemical.
The day’s top 10 gainers at the DSE were Far Chemical Industries, Intech Limited, Appollo Ispat Complex, Saif Powertec, ICB AMCL 1st NRB Mutual Fund, Bdcom Online, Trust Bank, Reckitt Benckiser, Agni Systems, and Aamra Technologies.
The Chittagong Stock Exchange (CSE) key index, CASPI gained 33.16 points to reach 14190.87 at close. Of the 227 issues traded, 81 advanced, 116 suffered loss and 30 remained unchanged.
The value of the traded issues was Tk 101.11 crore on the day at the CSE.

Stocks up on budget day

The prime index of Dhaka Stock Exchange (DSE) gained marginally amid increased participation from the investors on the day when Finance Minister AMA Muhith announced the budget for the fiscal 2015-16 yesterday. DSEX, the benchmark index of DSE, gained 4.58 points or 0.10 per cent to close at 4591.43 on the day. DSE30 index, comprising blue chips, gained 7.29 points or 0.41 per cent to end at 1,765.18 points. The Shariah Index DSES also slightly up by 4.23 points or 0.37 per cent to close at 1,117.59 points. Turnover, the crucial indicator of the market, fell drastically to Tk 4.99 billion, which was 31.17 per cent lower than the previous sessions Tk 7.25 billion. Shares worth Tk 499.26 crore changed hands at the DSE yesterday as against Tk 725.01 crore on Tuesday. The market moved heavily between red zone and green zone throughout the session as investors were cautious ahead of budget announcement. Out of the 310 issues traded, 160 suffered loss when 112 gained and 38 remained static. Stock market remained closed on Wednesday for the holy Shab-e-Baraat. Investors mixed sentiment regarding budgetary expectation caused the market to witness a temperamental session in the day, International Leasing Securities Limited, a stock brokerage said. A majority of the investors were remained on the sideline as depicted by the 31 per cent drop in daily market turnover ahead of national budget declaration, stock brokerage added. Buying of shares from pharmaceuticals and cement sectors helped the bourse to end in marginally positive despite the price correction in issues bank and telecommunication sectors. Summit Power topped the turnover leaders followed by KPCL, Beximco, AFC Agro and Far Chemical. The days top 10 gainers at the DSE were Far Chemical Industries, Intech Limited, Appollo Ispat Complex, Saif Powertec, ICB AMCL 1st NRB Mutual Fund, Bdcom Online, Trust Bank, Reckitt Benckiser, Agni Systems, and Aamra Technologies. The Chittagong Stock Exchange (CSE) key index, CASPI gained 33.16 points to reach 14190.87 at close. Of the 227 issues traded, 81 advanced, 116 suffered loss and 30 remained unchanged. The value of the traded issues was Tk 101.11 crore on the day at the CSE.