Stocks post modest rally

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Stocks registered modest rally today, after marginal fall due to profit booking in the previous session.

The market opened positive in the morning but immediately went in red as some profit booking took place, before closing in green in the final session.

The benchmark index of Dhaka Stock Exchange DSEX gained 13 points or 0.3% to 4,690.

The DS30 index, comprising blue chips, was up 3 points to 1,126. The DSE Shariah Index DSES rose 4 points to 1,779.

However, the Chittagong Stock Exchange Selective Category Index CSCX moved up 6 points to 8,762.

Trading activities continued to decline as the DSE turnover stood at over Tk4.9 billion, down 8% over the previous session.

All the large cap sectors showed positive performances except power that edged down. Non-banking financial institutions experienced the highest gain of 1.2%, after biggest fall in previous session.

Food & allied and pharmaceuticals advanced by 0.4% and 0.3% respectively while telecommunications and engineering closed in green.

Debutant Yeakin Polymer fell for the second straight session declining over 4% to Tk38.8 a share.

Out of total 323 companies traded, 134 moved up, 134 down while 55 remained unchanged.

LankaBangla Finance was the most traded share, followed by Yeakin Polymer, Bangladesh Shipping Corporation, Singer Bangladesh, National Tubes and GSP Finance.

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