DSEX hits 11-month high

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Stocks closed higher amid persistent volatility today with key index DSEX hitting more than 11-month high.

The market was lifted by mainly food & allied, telecommunications, power and banks.

The trading moved between negative and positive throughout the session, as investors played both sides of fence.

The benchmark index of Dhaka Stock Exchange DSEX rose over 17 points or 0.4% to 4,708 – its highest since October 14 last year.

The DS30 index, comprising blue chips, gained marginally over 6 points or 0.4% to 1,784. The DSE Shariah Index DSES also rose 5 points or 0.5% to 1,129.

The Chittagong Stock Exchange Selective Category Index CSCX moved up 48 points to 8,809.

Trading activities declined marginally as the DSE turnover was Tk5.6 billion, down about 6% compared to previous session.

The large cap sectors showed mixed performances with food & allied leading the way soaring 1.7%, followed by telecommunications 1.3%, power 1% and banks 0.7%.

Pharmaceuticals closed flat in green.

On the other hand, non-banking financial institutions posted the highest loss of 0.5%, followed by engineering 0.3%.

According to Sheltech Brokerage Limited, the DSEX remained volatile till mid of the session, but started to move up strongly as large caps took the lead and helped break the resistance of 4,700.

Out of total 324 companies traded on DSE, 134 moved up, 136 down while 54 remained unchanged.

Mobil Jamuna Limited Bangladesh was the most traded share for the second straight session, followed by Singer Bangladesh, Square Pharmaceuticals, Power Grid, Titas Gas and BSRM Steel.


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