Stocks surge at DSE, CSE on strong buying on Sunday

DSE, CSE Logos

Stocks rallied sharply on Sunday, the first trading day of the week, with key indices at both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) posting significant gains amid broad-based price appreciation and higher turnover.

At the DSE, the benchmark DSEX index jumped 76 points, while the Shariah-based DSES rose 13 points and the blue-chip DS30 advanced 26 points.

Prices increased for most listed companies, as shares of 290 firms closed higher against declines in 42 issues, while 57 remained unchanged.

Market activity also strengthened, with total turnover at the DSE rising to Tk 474 crore, up from Tk 379 crore in the previous session.

In the block market, shares of 19 companies worth Tk 13.5 crore were traded, with Fine Foods Limited topping the list by executing transactions worth Tk 4.3 crore.

Apex Tannery Limited emerged as the top gainer at the DSE, climbing nearly 10 percent, while Familytex (BD) Limited ended as the worst performer, losing more than 8 percent.

The upbeat trend extended to the CSE, where the overall CASPI index soared 165 points.

At the port city bourse, prices of 97 companies advanced against declines in 47 issues, while 19 remained unchanged.

The turnover at the CSE stood at Tk 7 crore, compared to Tk 6 crore in the previous trading day.

Apex Tannery Limited also topped the gainers’ list at the CSE with a rise of around 10 percent, while Reliance One The First Scheme of Reliance Insurance Mutual Fund closed at the bottom, shedding nearly 10 percent.