Stocks extend rally ahead of Eid holidays
Bourses witnessed sharp gains on Sunday during the extended five-and-a-half-hour session in efforts to cover up the lost couple of trading hours due to technical glitch at the Dhaka Stock Exchange.
Investors were mostly engaged in a buying spree in the second last session before the Eid vacation that has propped up most of the major sectoral issues in the green zone, said the Daily Market Review of EBL Securities Ltd.
The key index of Dhaka Stock Exchange, DSEX closed at 6,365.1 points on Sunday after gaining 0.92% during the session while CASPI advanced 0.33% to close at 18379.6 points.
DSE Shariah based index DSES advanced 1.47% to end at 1,379.4 points, while blue-chip index, DS30 went up by 1.37% to close at 2,306 points.
Participation in the Dhaka Stock Exchange stood at Tk1,793 crore during the session, which was Tk1,790 crore in the previous session.
The engineering sector contributed 14.3% of the total turnover while mutual funds, pharmaceutical and textile sectors contributed 12.9%, 9.9% and 9.7% respectively, according to stockbangladesh.com.
A total of 86 transactions on 44 stocks worth Tk25.2 crore were executed in the block market of Dhaka Stock Exchange, showed Detailed DSE Market Statistics.
Bangladesh Export Import Company Ltd secured the leadership position on the top turnover chart with a turnover of Tk152.6 crore with its share price closing at Tk97.1 per share. The stock was followed by SS Steel Ltd with Tk50.8 crore, Fu-Wang Ceramic Industries Ltd with Tk32.8 crore, SAIF Powertec Ltd with Tk32.3 crore and Shinepukur Ceramics Ltd with Tk27.9 crore.
Miracle Industries Ltd secured the highest gain of 9.9% during the session. The stock was followed by Legacy Footwear Ltd with 9.9%, Index Agro Industries Ltd with 9.9%, Samata Leather Complex Ltd with 9.9% and Aftab Automobiles Ltd with 9.8%.
Tamijuddin Textile Mills Limited turned out the worst loser with its price declining by -9.9%. The stock was followed by Fareast Finance & Investment Ltd with -9%, Familytex with -8.5%, Tung Hai Knitting & Dyeing Ltd with -7.9% and Rupali Bank Ltd with -7.1%.
Among the traded issues 210 gained, 150 declined and 13 remained unchanged during the session in Dhaka Stock Exchange while 170 gained, 137 declined and 13 remained unchanged in Chittagong Stock Exchange.
The Dhaka Stock Exchange currently has a market capitalization of Tk532,312 crore with the benchmark index, DSEX up by 17.83% since the beginning of this year.