Stocks rise for eighth day

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Stocks gained for the eighth day yesterday as investors bought into large- and mid-cap companies.

DSEX, the benchmark general index of Dhaka Stock Exchange, closed at 4,841.72, after gaining 31.18 points or 0.64 percent.

DSES, the shariah index of the Dhaka bourse, went up 4.55 points or 0.39 points, to close at 1,149.98.

It was another good day for stocks in Dhaka as most of the large- and mid-cap stocks extended gains, LankaBangla Securities said.

Market sentiments improved significantly in the last few days, said IDLC Investments.

Turnover, the most important indicator of the market, declined 5.8 percent to Tk 326 crore, compared to the previous day.

A total of 0.96 lakh trades were executed with 9.45 crore shares and mutual fund units changing hands on the Dhaka bourse.

Gainers took a strong lead over losers with 219 to 57, while 32 issues remained unchanged on the DSE.

Among the major sectors, banks gained the most with 0.34 percent, followed by cement 0.14 percent, power 0.29 percent, pharma 0.58 percent and textile 1.43 percent.

Aamra Technologies became the top turnover leader with 34.25 lakh shares worth Tk 14 crore changing hands, followed by Beximco, Ifad Autos, Grameenphone and MJL Bangladesh.

Safko Spinning was the highest gainer of the day, posting a rise of 9.82 percent, while Kay and Que Bangladesh was the worst loser, plunging 6.08 percent.