Stocks extend gains as market sentiment turns brighter

DSE, CSE Logos

Dhaka, Nov 19 - Bangladesh’s stock market continued to show signs of recovery on Wednesday, with both bourses closing higher as indices maintained their upward momentum.

The DSEX, the key index of the Dhaka Stock Exchange (DSE), advanced for the fourth consecutive session, gaining 54 points.

The Shariah-based DSES rose by 11 points, while the blue-chip DS30 edged up by 3 points.

Most issues traded at the DSE closed higher, as 310 gained against 36 losers, while 30 remained unchanged.

However, the turnover at the DSE declined to Tk 420 crore, compared to Tk 475 crore in the previous session.

In the block market, 17 companies saw transactions worth Tk 18 crore, with Khan Brothers PP Woven Bag Industries Ltd topping the list with Tk 5 crore in block trades.

Rahima Food Corporation Ltd led the day’s gainers, surging by 10%, while Information Services Network Ltd ended at the bottom, shedding nearly 5%.

The Chittagong Stock Exchange (CSE) also extended its gains for the third straight day, with the CASPI rising by 114 points.

Here too, most issues advanced: 125 gained, 25 declined and 10 remained unchanged.

The turnover on the port-city bourse stood at Tk 9 crore, down from Tk 11 crore in the previous session.

Aftab Automobiles Ltd topped the CSE gainers with a 10% jump, while Aamra Technologies Ltd slipped more than 9% to finish at the bottom. - UNB