Stocks edge up

The trading began higher but dipped in the mid-session before ending marginally higher. The benchmark index of Dhaka Stock Exchange DSEX rose nearly 11 points or 0.3% to 4,701. The DS30 index, comprising blue chips, gained over 7 points to 1,767. The DSE Shariah Index DSES move only up only about 2 points to 1,123. The Chittagong Stock Exchange Selective Category Index CSCX was up 13 points to 8,787. The overall market performance was mixed where sell pressure were evident in engineering sector that lost more than 1%. However, rise in some selective large cap stocks helped market close positive. Among large cap sectors, telecommunications rallied over 1%, power almost 1%, food & allied 0.7% and non-banking financial institutions 0.3%. Banks remained flat at 0.09%. Pharmaceutical sector was marginally down 0.4%. DSE turnover stood at around Tk400 crore, down more than 9% over the previous session’s value. Out of total 322 companies traded on DSE, 134 moved up, 130 down while 58 remained unchanged. Summit Power was the most-traded share with a turnover worth over Tk25 crore.