Stocks rise for 3rd day

Stock market remained in the black yesterday for the third consecutive session although investors' participation dropped, thanks to the last hour's buying pressures on mid-cap stocks.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), inched up 6 points, or 0.1 per cent, from that on the preceding day to close at 6,325.

However, the DS30, the blue-chip index, increased 0.1 per cent to 2,189 while the DSES, the Shariah-compliant index, went up 0.1 per cent to 1,374.

However, turnover, a key indicator of the market, dropped 18.6 per cent to Tk 639 crore.

Of the securities, 87 advanced, 88 declined and 180 did not show any price movement.

Fine Foods Limited made the highest gain of 8.3 per cent. Khan Brothers PP Woven Bag Industries Ltd, Sonali Aansh Industries Limited, Olympic Accessories Limited and Simtex Industries Limited were also among the top gainers.

Shurwid Industries Limited shed the most, 9.8 per cent.

Ratanpur Steel Re-Rolling Mills Limited, Northern Jute Manufacturing Limited, Advent Pharma Limited and Appollo Ispat Complex Limited were also on the list of those incurring significant losses.

Navana Pharmaceuticals Limited was the most-traded stock on the day with issues worth Tk 41 crore changing hands.

Khan Brothers PP Woven Bag Industries Ltd, IT Consultants Limited, Eastern Housing Limited and Emerald Oil Industries Ltd registered significant turnovers as well.

The Caspi, the all-share price index of Chittagong Stock Exchange, attained 14 points, or 0.07 per cent, to close at 18,671.

Of the issues, 53 rose, 57 retreated and 75 did not see any price swing.

However, turnover of the port city bourse fell 26 per cent to Tk 234 crore.