Stocks maintain upward trend on higher transactions


Stocks Monday maintained upward trend as major indices of both Dhaka and Chittagong stock exchanges were found finishing upward with higher transactions of some large-cap securities. The rising major sectors were textile, engineering, insurance and fuel and power. A total of 167 large-cap securities moved up due to higher activities, reports BSS.

DSEX, the major price index of the Dhaka Stock Exchange (DSE), closed the day with 28.63 points up at 5,431.60. The Shariah DSES and Blue-Chip DS30 also followed the same trend with 11.95 points up at 1,232.02 and with 12.64 points up at 1,901.67. The day’s trade value at DSE increased to Taka 484.89 crore from Sunday’s Taka 304.67 crore and the daily trade rose to 13.11 crore shares from 9.08 crore shares of the previous session. At DSE, out of the day’s 351 securities, prices of 210 securities closed higher against 102 losing issues. The major gaining issues were Safko Spinning, AIL, BD Lamps, Global Insurance and KPCL while the major losing issues were AIBL1STMF, MTB, MBL1STMF, Union Capital and ECABLES.

UPGDCL topped the turnover list followed by KPCL, Brac Bank, BATBC and National Life Insurance. The Chittagong Stock Exchange (CSE) closed the day of the week with upward trends with its major CASPI 94.95 points up at 16,614.59. At CSE, 243 issues were traded. Of those, 151 closed higher and 67 closed lower while 2.39 crore shares worth Taka 77.12 crore changed hands.