Stocks extend gaining streak

Country's both the bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) --  on Tuesday witnessed an upward trend like earlier as investors continued their buying spree on large-cap issues amid optimism.

DSEX, the broad index of the Dhaka Stock Exchange, gained 6.8 points or 0.1% to settle at 5,203 points, as against 5,196 points in the previous trading session.

Market analysts observed that the market witnessed a tussle between buyers and sellers to grab the rein of the market momentum onday.

They mentioned that though the marlurt opened on a positive note with buyers possessing the helm of the market momentum, sellers emerged to demonstrate their dominance as they preferred to engage in a profit-taking sell frenzy.

Finally, late-session buying pressure rescued the market today by settling the benchmark index in green territory, making a streak of three consecutive positive sessions, they opined.

Market turnover also increased by 16.9% to Taka 5.0 billion as against Taka 4.3 billion in the previous session.

On the sectoral front, Pharma (19.7%) issues exerted the highest turnover, followed by Textile (13.0%) and Engineering (10.8%) sectors.

Most of the sectors displayed positive returns, out of which Travel (4.9%), Ceramic (2.2%) and Services (2.0%) exhibited the most positive returns in the bourse today.

Out of the 397 issues traded, 165 advanced, 149 declined and 83 remained unchanged.

The port city bourse, CSE, also witnessed a positive session today. The selected indices (CSCX) and All Share Price Index (CASPI) increased by 38.5 points and 61.6 points, respectively.