Stocks extend gains; turnover drops in Dhaka, rises in Ctg

DSE, CSE logos

Dhaka, Sept 16 - Dhaka and Chattogram stock markets witnessed a rise in key indices for the second straight session on Tuesday, though the turnover fell in Dhaka while gaining momentum in the port city.

At the Dhaka Stock Exchange (DSE), the benchmark DSEX index advanced by 34 points, while the Shariah-based DSES gained 7 points.

The blue-chip index DS30, however, remained unchanged.

Turnover at the DSE stood at Tk 674 crore, down from Tk 706 crore in the previous session, marking the lowest in a month.

Out of 400 issues traded, prices advanced for 221, declined for 103, and remained unchanged for 76.

The prices of most A- and B-category companies rose, while the majority of Z-category shares, belonging to poorly performing firms, saw losses.

In the Z-category, 36 companies declined against 31 gainers, with 29 remaining unchanged.

In the block market, 28 companies recorded transactions worth Tk 21 crore, with Prime Bank leading the turnover at Tk 5.98 crore.

Crown Cement topped the gainers’ list with a rise of over 9 percent, while People’s Leasing and Financial Services dropped more than 8 percent, ending at the bottom of the DSE.

At the Chittagong Stock Exchange (CSE), the overall index gained 66 points, with 92 issues advancing, 67 declining, and 32 remaining unchanged among 191 traded companies.

The turnover at the CSE rose to Tk 11 crore, compared to Tk 8 crore in the previous session.

Like the DSE, Crown Cement led the gainers with a 9 percent rise, while Dhaka Electric Supply Company (Desco) slumped over 9 percent to finish at the bottom. - UNB