Stocks break losses after two weeks

The rally was led by bank, financial institutions, textiles and power issues. The benchmark index of Dhaka Stock Exchange DSEX rose 22 points to settle at 4,549. The DS30 index, comprising blue chips, gained 9 points to 1,744. The DSE Shariah Index was nearly 6 points to 1,103. The Chittagong Stock Exchange Selective Category Index CSCX was up 40 points to 8,502. Trading activities continued to shrink as the DSE turnover stood at Tk407 crore, marginally down 0.5% over the previous session. Almost all the sectors closed higher. Among the major sectors, bank, cement, power, textile, engineering  increased by 0.7%, 0.8%, 0.8%, 0.8% and 0.6% respectively while mutual fund sector increased by 1.31%. Food & allied, pharmaceuticals and telecommunications also closed higher. Out of 318 issues traded, 159 closed higher, 95 lower and 64 remained unchanged. Shahjibazar Power Company Limited was the most traded share with a turnover worth over Tk28 crore. It was followed by MJL Bangladesh, Doreen Power, Trust Bank, National Tubes and BD Computers. Prime Insurance led the price gainer board with a 8.4% price rise while ICB AMCL Second Mutual Fund led the price loser board with a 10% loss.