Stocks break losing streak

The prime index of Dhaka Stock Exchange (DSE) ended the day in the black yesterday despite tumbling over 60 points in the initial hours of trading.

The DSEX, the benchmark index of the premier bourse of the country, edged up 10 points, or 0.16 per cent, to 6,584 at the end of the day. The index rose after falling for two consecutive days.

However, the turnover, an important indicator of the market, dropped to Tk 529 crore yesterday from Tk 532 crore in the previous day.

The DS30, the blue-chip index, and DSES, the Shariah-based index, increased 8 points and 4 points respectively.

At the Dhaka bourse, 130 stocks advanced, 185 declined and 65 remained the same.

JMI Hospital Requisite Manufacturing topped the gainers' list with a 9.85 per cent rise.

HR Textile Mills, Beacon Pharmaceuticals, Prime Bank and Salvo Chemical Industry also saw major gains.

Takaful Islami Insurance shed the most, dropping 5 per cent. IFIC Bank, National Feed Mills, Peoples Insurance Company and Mercantile Bank were among those suffering similar losses.

IPDC Finance became the stock to be traded the most with shares worth Tk 53 crore changing hands followed by Sonali Paper and Board Mills, Provati Insurance Company and Square Pharmaceuticals.

Chittagong Stock Exchange (CSE) also rose yesterday. The CASPI, the main index of the CSE, went up 17 points, or 0.09 per cent, to close the day at 19,366.

Of the 271 stocks to undergo trade, 65 rose, 164 fell, and 42 did not see any price movement.