Stocks surge at DSE, CSE for second straight day

DSE, CSE logos

Dhaka, Mar 10 – Indices posted a strong rebound for the second consecutive day at the country’s stock markets on Tuesday, with major indices rose at both the Dhaka and Chattogram bourses, and most listed companies recorded price gains.

At the Dhaka Stock Exchange (DSE), the benchmark DSEX index advanced by 148 points. The Shariah-based DSES index gained 23 points, while the blue-chip DS30 index rose 62 points.

Most stocks closed higher: prices of 339 companies increased, compared with declines in 13 issues, while 37 remained unchanged.

Turnover also improved significantly. Shares and units worth nearly Tk 600 crore traded during the session, up from Tk 416 crore in the previous trading day.

In the block market, shares of 31 companies worth about Tk 76 crore changed hands. Olympic Industries PLC led the chart with block trades worth Tk 49 crore.

Pragati Life Insurance PLC topped the gainers’ list on the DSE with a nearly 10 percent price rise, while Metro Spinning Limited was the day’s worst performer with a decline of about 2 percent.

The Chittagong Stock Exchange (CSE) also witnessed a sharp rise, with the overall CASPI index climbing 323 points.

Most companies posted gains there as well: 131 issues advanced against 32 decliners, while prices of 10 companies remained unchanged.

However, turnover slightly decreased at the port city bourse. Shares and units worth Tk 47 crore traded, down from Tk 48 crore in the previous session.

At the CSE, NRBC Bank PLC emerged as the top gainer with nearly a 10 percent price increase, while Sonargaon Textiles Limited ended at the bottom of the list with a decline of around 10 percent. - UNB