Stock indices up but turnover falls

Prime indices of the Dhaka and Chattogram bourses yesterday rose despite a fall in turnover.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), gained 15 points, or 0.23 per cent, to close the session at 6,366 points.

The DS30, which represents blue-chip stocks, increased 0.11 per cent to 2,200 points while the DSES, an index comprised of shariah-compliant companies, edged down 0.03 per cent to 1,387 points. On the other hand, turnover, another key indicator of the market, slipped 19 per cent to Tk 877 crore.

Of the securities traded, 116 advanced, 65 declined and 185 did not show any price movement.

Crystal Insurance Company made the highest gain, increasing 9.9 per cent.

Yeakin Polymer, Bengal Windsor Thermoplastics, Janata Insurance Company, and Continental Insurance were among the top gainers as well.

Meanwhile, Rupali Life Insurance Company saw the highest loss, shedding 9.7 per cent.

Rangpur Dairy and Food Products, Aziz Pipes, Meghna Pet Industries, and Khan Brothers PP Woven Bag Industries also featured on the list of significant losers.

Fu Wang Food was the most-traded stock on the day, with issues worth Tk 48 crore changing hands.

Sea Pearl Beach Resort and Spa, Rangpur Dairy and Food Products, Khan Brothers PP Woven Bag Industries, and Midland Bank registered significant turnover as well.

Elsewhere in the port city, the Caspi, the all-share price index of the Chittagong Stock Exchange, gained 11 points, or 0.06 per cent, to close at 18,780 points.

Of the issues traded, 82 rose, 84 retreated and 82 did not see any price swing.

However, turnover of the port city bourse dropped 31 per cent to Tk 10.53 crore.

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