Stocks finish week higher
Tribune Report

Stocks finished the week higher yesterday, led by ceramics, power and engineering.

The benchmark index DSEX rose 35 points or 0.8% to 4,531.

The Shariah index DSES was up around 10 points or 1% to 1,091. The blue chip comprising index DS30 closed at 1,721, soaring about 15 points.

The Chittagong Stock Exchange Selective Category Index CSCX settled at 8,416 with a rise of over 66 points.

Trading activities improved as the DSE turnover stood at Tk403 crore, up more than 16% over the previous session.

The market breadth remained positive as out of 303 issues traded, 200 advanced, 60 declined and 43 remained unchanged.

IDLC Investments said investors started showing their resilience in front of recent uncertainties. It said despite adverse developments, market maintained in positive arena, which beaconed the participants that market found substantial support.

“With possibility of reversal in mind, investors rebalanced portfolio to benefit from uptrend with an intention to showcase handsome gain in their portfolio.”

All the major sectors closed in positive terrain except for non-life insurance and cement that dropped marginally.

Lanka Bangla Securities said stocks ended firmly in the positive terrain with improved participation as investor regained some buying interest following to digestion of earnings reports.

On the banking sector, the amount of non-performing loans rose by more than 4% during July-September quarter of this year. 

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