Stocks break losing streak

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

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 today from the previous day's Tk 532 crore.

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

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

JMI Hospital topped the gainers' list with a 9.85 per cent rise. HR Textiles, Beacon Pharmaceuticals, Prime Bank and Salvo Chemicals also saw major gains.

Takaful Islami Insurance shed the most, dropping 5 per cent. IFIC Bank, National Feed Mills, Peoples Insurance, and Mercantile Bank were among the heavy losers.

IPDC Finance became the most traded stock with shares worth Tk 53 crore changing hands followed by Sonali Paper, IPDC Finance, Provati Insurnace, and Square Pharmaceuticals.

The Chittagong Stock Exchange (CSE) also rose today. 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 traded, 65 rose, 164 fell, and 42 did not see any price movement.