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Stocks end fat; DSEX crosses 7,300-mark

Staff Correspondent
30 Sep 2021 00:00:00 | Update: 30 Sep 2021 01:34:30
Stocks end fat; DSEX crosses 7,300-mark

Dhaka stocks closed flat on Wednesday, as the investors took profits from the surges seen in the three consecutive days of the rally.

The market began on a positive note in the early trade led by non-banking financial institutions but profit-taking at the fag end erased all the gains by the end of the trade.

The benchmark DSEX index added just over 5 points or 0.07 per cent to settle at 7,302, after crossing 7,300-mark for the first time since its launch in 2013.

The Shariah-based DSES index was marginally down over 1 point or 0.1 per cent to 1,583 and the blue-chip comprising DS30 index gained over 5 points or 0.18 per cent to 2,696.

All the sectors, including bank, ceramic, engineering, food and allied, energy, insurance, IT, mutual fund, pharmaceutical, telecom, and textile closed in the red.

The NBFI sector was the only sector that closed in the positive, led by the state-owned Investment Corporation of Bangladesh that rose almost 7 per cent on the news that it will issue a $300m bond in the international market to increase its investment in the stock market. Sea Pearl Beach Resort & Spa, a five-star hotel in Cox’s Bazar, came to the spotlight as it rallied 9.36 per cent—the top gainer of the day. Its share increased sharply four days after it announced that it will enter the passenger’s cruise ship tour package business by next month.

Other top gainers included Unique Hotel & Resorts Limited, ICB, Prime Insurance, Dragon Sweater and Spinning (DSSL), Aman Feed, ACME Laboratories, and BD Thai Aluminum.

The DSE turnover stood at Tk 2,269 crore, up from Tk 2,135 crore in the previous session.

LafargeHolcim Bangladesh was the most traded stock, followed by Beximco Ltd, Orion Infusion, Lanka Bangla Finance, DSSL, Shahjibazar Power Co, Beximco Pharmaceuticals, and Paramount Textiles.

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