Dhaka stocks gain for 2nd day

Staff Correspondent

Dhaka stocks on Sunday gained for the second trading day with investors’ participation on the rise, market operators
said.
The general index of Dhaka Stock Exchange gained 17.11 points, or 0.64 per cent, to close at 2688.17, while its blue chips index, DSE20, advanced by 22.04 points, or 1.01 per cent, to finish at 2211.25.
A merchant bank official said the market
saw a buying spree of investors who bought shares to avail themselves of the lower prices of securities after recent weeks’ price fall.
The market, however, witnessed fluctuating movements of price indices on the day, he said.
Market analysts said the market had gained some sort of steadiness since the Securities and Exchange Commission held a market-review meeting with merchant banks and stock exchanges.
The stock market regulatory body convened the meeting on Tuesday following a demonstration staged by a group of retail investors in front of the DSE building on Monday amid a continuous fall in share prices.
Of the total 250 issues traded on the DSE on Sunday, 147 advanced, 98 declined, and five remained unchanged.
Turnover at the DSE increased to Tk 271.23 crore from the Thursday’s Tk 244.62 crore.
Beximco Pharmaceuticals topped the turnover leaders with a total transaction of Tk 25.10 crore.
ACI, Beximco, Shinepukur Ceramics, Summit Power, ACI Formulations, Titas Gas, Summit Alliance Port, Aftab Automobile, and Uttara Bank were the rest of the top 10 turnover leaders of the day.
Chittagong stocks also posted a gain for the second consecutive trading day on Sunday.
The selective categories index of Chittagong Stock Exchange gained 13.23 points, or 0.25 per cent, to close at 5370.46, while its blue chips index, CSE30, advanced by 19.43 points, or 0.28 per cent, to finish at 7027.76.
Of the total 150 issues traded on the CSE floor, 74 posted gains, 70 dropped, and six remained unchanged.
Turnover at the CSE, however, decreased slightly to Tk 32.68 crore from the Thursday’s Tk 33.13 crore.