Stocks snap three-day fall

Stocks in Bangladesh snapped a three-day falling streak today while turnover of the Dhaka bourse crossed Tk 400 crore after 14 trading sessions.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 13 points, or 0.22 per cent, to 6,205.

The DS30, the blue-chip index, advanced 0.26 per cent to 2,197 while the DSES, the index that represents shariah-based companies, increased 0.34 per cent to 1,357.

Turnover, an important indicator of the market, surged 34 per cent to Tk 462 crore. It was Tk 334 crore a day earlier.

Among the traded companies, 66 advanced, 96 declined and 174 remained unchanged.

JMI Hospital Requisite Manufacturing posted the highest appreciation, rising 9.89 per cent while Indo-Bangla Pharmaceuticals surged 9.49 per cent. SK Trims & Industries advanced 9.38 per cent and Navana CNG and Orion Pharma gained more than 5 per cent each.

ADN Telecom suffered the sharpest fall, sliding 5.35 per cent. Sea Pearl Beach Resort & Spa dropped 2.3 per cent.

Bangladesh Shipping Corporation was the most-traded stock on the day with its shares worth Tk 31 crore changing hands. Orion Pharma, Bashundhara Paper Mills, and Genex Infosys also saw significant transactions.

The Caspi, the all-share price index of the Chittagong Stock Exchange, added 45 points, or 0.25 per cent, to end the day at 18,347.

Of the securities, 41 advanced, 38 declined, and 66 did not show any price movement.

Turnover climbed more than 70 per cent Tk 13.31 crore. It was Tk 7.82 crore in the previous session.