DSE turnover crosses Tk 900 crore after 2.5 months

The Dhaka stocks bounced back today after experiencing a mild correction a day before while the turnover of the premier bourse crossed Tk 900 crore after a break of two and a half months.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 35 points, or 0.57 per cent, to 6,281.

The DS30, the blue-chip index, advanced 0.63 per cent to 2,215 while the DSES, the index that represents shariah-based companies, increased 0.68 per cent to 1,371.

Turnover, an important indicator of the market, hit Tk 900 crore, up by 26 per cent from the previous day's Tk 713 crore.

Among the traded companies, 119 advanced, 68 declined and 186 remained unchanged.

Central Pharmaceuticals posted the highest appreciation, rising 9.91 per cent while Deshbandhu Polymer surged 9.52 per cent.

IFIL Islamic Mutual Fund-1 advanced 9.38 per cent while Bangladesh Building Systems and Yeakin Polymer gained more than 8 per cent each.

IT Consultants suffered the sharpest fall, sliding 2.16 per cent.

Monno Agro & General Machinery dropped 0.99 per cent while Libra Infusion and Renwick Jasneswar also fell more than 0.98 per cent each.

Bangladesh Shipping Corporation was the most-traded stock on the day with its shares worth Tk 59 crore changing hands. Genex Infosys, Orion Pharma, Bashundhara Paper Mills, and Sea Pearl Cox's Bazar Beach Resort & Spa also saw significant transactions.

The Caspi, the all-share price index of the Chittagong Stock Exchange, rose 89 points, or 0.48 per cent, to end the day at 18,529.

Of the securities, 78 advanced, 37 declined, and 103 did not show any price movement.

Turnover at the CSE more than doubled to Tk 42 crore. It was Tk 17 crore in the previous session.