Stocks rise for fourth consecutive day

The stock market continued to rise for the last four consecutive days, pushing the benchmark index to hit a new high today.

DSEX, benchmark index of the Dhaka Stock Exchange (DSE), rose 38 points, or 0.56 per cent, to 6,787.16.

Investors' confidence is much higher now, so they are investing even when the index has reached a record high since its inception in 2013, said market analysts.

However, turnover, an important indicator of the market, fell 9.48 per cent to Tk 2,673 crore compared to the previous day.

First Security Islami Bank topped the gainers' list that rose 10 per cent followed by Desh General Insurance, GBB Power, Stylecraft Ltd, and South Bangla Agriculture & Commerce Bank.

Tallu Spinning shed mostly in the market that fell 8.73 per cent followed by Mithun Knitting, Nurani Dyeing, Appollo Ispat and Generation Next.

Stocks of Beximco Ltd traded mostly that worth Tk 107 crore followed by IFIC Bank, LankaBangla Finance, National Housing Finance and Investments.

At the DSE, 192 stocks advanced, 174 fell and 8 remained unchanged.

The Chattogram Stock Exchange also rose today. The CASPI, the general index of the port city bourse, increased 118 points, or 0.60 per cent, to 19,786.

Among 324 traded stocks, 162 advanced, 147 fell and 15 remained unchanged.