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Daily Business News All Daily Business News
03 Dec 2013
Stocks return to positive

Share price index at the country’s both bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)--returned to positive trend on Monday after witnessing loss in last four consecutive sessions. Trading at both the bourses began with positive outlook on Monday despite continued confrontation on the streets between the two major political alliances that left several people killed in last several days over the issue of election-time government. 

After the last week’s 84-hour blockade, the second round of a 72-hour blockade enforced by the BNP-led opposition are under way since Saturday morning in protest against the announcement of the election schedule without any political consensus. On Monday, prices of most of the issues increased in both the bourses. However, the volume of trade in terms of value was a bit lower at both DSE and CSE on the day than on Sunday.

The DSE benchmark index, DSEX gained 50.71 points or 1.22 per cent to reach 4,197.92 at the close of the trading Monday. Of the 284 issues traded, 207 gained, 53 declined and 24 remained unchanged. Most of the traded issues of the day included those from foods and beverage, insurance, pharmaceutical, textile, chemicals sectors.

Shares worth Tk 347.85 crore changed hands at the DSE on the day against Tk 348.68 crore on Sunday. The day’s top 10 gainers at the DSE were BD Building, Rahima Food, Fine Foods, Rupali Life, Delta Life, Central Pharmaceuticals, Progressive Life, Bengal Windsor, United Commercial Bank, and BD Finance.

The CSE key index, CSCX gained 82.59 points to reach 8,191.27 at the close. Of the 214 issues traded, 129 advanced, 57 suffered loss and 28 remained unchanged. The value of the traded issues was Tk 41.86 crore on the day against Tk 45.12 crore on Sunday.

Source :: The Independent