Stocks continue rising again

The stock market continued rising for the second consecutive day today thanks to the higher participation of investors.

People are investing as the rising trend of the market gave people the hope that the index would go up again, said a merchant banker.

On the other hand, the chairman of the stock market regulator and the government's top officials have been claiming that the index is not overvalued.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 19 points, or 0.26 per cent, to 7,351.

At the DSE, 112 stocks rose, 231 declined and 31 remained unchanged.

Turnover at the Dhaka bourse increased 13 per cent to Tk 2,681 crore, up from Tk 2,352 crore the previous day.

The stocks of LafargeHolcim Bangladesh traded mostly that worth Tk 174 crore followed by Orion Pharmaceuticals, Beximco Ltd, Power Grid, and Paramount Textiles.

Power Grid topped the gainers' list that rose 9.95 per cent followed by Advent Pharmaceuticals, Paramount Textiles, Coppertech Industries, and MJL Bangladesh.

Aman Feed shed mostly in the market that fell 8.95 per cent followed by Desh Garments, Jute Spinners, Shurwid Industries, and Monno Ceramics.

The Chattogram Stock Exchange (CSE) also rose. The CASPI, the general index of the

port city bourse, rose 87 points, or 0.40 per cent, to 21,520.

Among 325 traded stocks, 107 advanced, 192 fell and 26 remained unchanged.