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DSEX edges up

Update : 17 Aug 2016, 09:05 AM
The key index swung between positive and negative throughout the entire session before gaining modestly in the wee hour, pulled up by mainly Telco and Banking stocks. The DSEX rose over 9 points or 0.2% to finish at 4,586 after rising only about 3 points in previous session. The DS30 index, comprising blue chips, lost only over 2 points to 1,773. The DSE Shariah Index, DSES, inched just over 1 point to 1,123. The Chittagong Stock Exchange Selective Category Index CSCX gained over 24 points to 8,588. After spending public holiday on Monday, investors participated in trading with an increased number as the DSE turnover in value moved up 26.7% to Tk425 crore. Engineering had the highest contribution of 18.3% to the turnover. State-run Bangladesh Submarine Cable and Company Limited (BSCCL) came into the spotlight following its earnings declaration and new talks on exporting internet bandwidth to Bhutan. On the DSE, BSCCL rally helped the Telco sector rise 1.2%, which is the highest gain by any sector on the day. Some selective scripts also got concentration as the government was set to bring in major changes to the incentive structure for some export items. Among other major sectors, the market bellwether, banks, surged almost 1%. On the other hand, cement sector and mutual funds suffered the most on profit booking as both of them declined more than 1% each. UCB Capital Management Limited said dividend declarations announced by some big issues has brought some enthusiasm among some investors. “This has worked as a major trigger in the market.” Out of total 323 companies traded, 147 ended up and 128 down while 48 remained unchanged. BSRM Ltd was the most-traded share with a turnover worth around Tk13 crore, accounting for over 3% of the total turnover on DSE.
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