Stocks showed a strong recovery trend yesterday to start a long week. Unlike other Saturdays, stock exchanges remained open yesterday and banks were also open following a government directive, reports BSS.Stocks show recovery to start a long week
BSS
Stocks showed a strong recovery trend yesterday to start a long week. Unlike other Saturdays, stock exchanges remained open yesterday and banks were also open following a government directive, reports BSS.
The government in an executive order on June 22 last declared a national holiday on July 4, extending the holiday for this years Eid-ul-Fitr to nine days from July 1-9 that also included two weekends.
In the order, it was also decided that all the government offices would remain open on Saturday, July 16 in exchange of enjoying a holiday on July 4.
Accordingly, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) remained open on Saturday, offering investor an extra session for the week, which will eventually have six sessions in place of usual five.
The market opened amid lower demands, which got some momentum during mid-day trade, but could not sustain till the end of the session due to slack demand. The indices, however, finished the day in green on active transaction around some large-cap stocks.
The broader DSEX index of DSE finished the day 16.82 points up at 4554.74, when the blue-chip DS30 rose by 4.92 to 1783.62 and the Shariah DSES up by 4.07 points to 1120.82.
CSE also experienced the similar trend in the market, its major CSCX index closing about 24.76 points up at 8502.29 and CASPI index closing about 38.90 points up at 13974.29.
The daily turnover in volume at DSE, however, fell by 20.45 per cent to 9.59 crore shares when the daily trade value was 17.61 per cent to Taka 371.01 crore.
Among the traded 323 issues at DSE, 146 closed higher against 122 lower issues. At CSE, 113 issues closed higher when 99 finished the day lower.
The days major advancing sectors were bank, fuel and power and cement when food and allied and pharmaceutical sector declined most.
The DSE top five gaining companies were Amarit Limited, DBH, Islami Bank, BD Com and Gemini Sea Foods Limited. T
he major losers included SEML Legal, Exim First Mutual Fund, Western Marine Shipyard Limited, Alltex and Tosrifa Industries Limited. ACME Lab topped the turnover list followed by SPCL, MJLBD, BSRM Ltd and Islami Bank.
