Stocks continue upward trend

Stock market yesterday continued the upward trend, driven mainly by buying activities around some large-cap securities of energy, cement and engineering sectors, reports BSS.
DSEX - the broader index of Dhaka Stock Exchange (DSE) - gained 33.27 points to finish the week's opening day at 4340.06.
The blue-chip DS30 and Shariah DSES also followed the broader index to close in the positive territory.
At the close of the session, the DS30 was 17.31 points higher at 1682.60 and the Shariah DSES was 12.29 points up at 1069.42.
Chittagong Stock Exchange (CSE) finished yesterday significantly up, with its general CASPI gaining 93.64 points to close at 13341.70.
Stocks picked up and broke through a three-week losing spell on Thursday amid active buying by investors who were booking shares those became cheaper in the recent wave of price fall across the board.
"The low share prices resulting from the last three week price slump led to numerous investors taking fresh position", said Aims of Bangladesh, a leading fund management company.
The upbeat continued till the end of yesterday's session, but the daily transaction went down as some investors took cautious stance.
The trade value on DSE fell by nearly 17.0 per cent to Tk 397.18 crore and the volume declined by 20.45 per cent to 9.51 crore shares. CSE also saw lower activities when 85.39 lakh shares changed hands for Tk 23.40 crore.
The price indices at the two stock exchanges gained as the large-cap shares traded at higher prices.
Securities of bank, cement, fuel and power and NBFI were among the major attraction of investors when the issues traded at higher prices. Engineering companies also saw higher activities, but this sector suffered marginal loss in turnover.
The top five gaining securities were Kay and Que, Prime Life, ISN LTD, Islami Bank and BSC. The major losing companies included 7th ICB, Legacy Footwear, Eastern Lubricant, Style Craft and Libra Infusion.
MJLBD topped the turnover leaders followed by BRSM Limited, UPGDCL, Linde BD and Islami Bank.

Stocks continue upward trend

Stock market yesterday continued the upward trend, driven mainly by buying activities around some large-cap securities of energy, cement and engineering sectors, reports BSS. DSEX - the broader index of Dhaka Stock Exchange (DSE) - gained 33.27 points to finish the weeks opening day at 4340.06. The blue-chip DS30 and Shariah DSES also followed the broader index to close in the positive territory. At the close of the session, the DS30 was 17.31 points higher at 1682.60 and the Shariah DSES was 12.29 points up at 1069.42. Chittagong Stock Exchange (CSE) finished yesterday significantly up, with its general CASPI gaining 93.64 points to close at 13341.70. Stocks picked up and broke through a three-week losing spell on Thursday amid active buying by investors who were booking shares those became cheaper in the recent wave of price fall across the board. The low share prices resulting from the last three week price slump led to numerous investors taking fresh position, said Aims of Bangladesh, a leading fund management company. The upbeat continued till the end of yesterdays session, but the daily transaction went down as some investors took cautious stance. The trade value on DSE fell by nearly 17.0 per cent to Tk 397.18 crore and the volume declined by 20.45 per cent to 9.51 crore shares. CSE also saw lower activities when 85.39 lakh shares changed hands for Tk 23.40 crore. The price indices at the two stock exchanges gained as the large-cap shares traded at higher prices. Securities of bank, cement, fuel and power and NBFI were among the major attraction of investors when the issues traded at higher prices. Engineering companies also saw higher activities, but this sector suffered marginal loss in turnover. The top five gaining securities were Kay and Que, Prime Life, ISN LTD, Islami Bank and BSC. The major losing companies included 7th ICB, Legacy Footwear, Eastern Lubricant, Style Craft and Libra Infusion. MJLBD topped the turnover leaders followed by BRSM Limited, UPGDCL, Linde BD and Islami Bank.