DSEX gains for 3rd day after choppy trade

The benchmark DSEX index steadily gained for the third straight session after witnessing a see-saw trade on Thursday.

As soon as the opening bell rang, it went into the red and swung between positive and negative several times before closing in green lifted by mainly banking issues.

The profit-booking continued to take place on textile, fuel, and power, dragging the market down.

At close, the DSEX rose 31 points or 0.43 percent to settle at 7,091. It gained around 60 points in the three sessions in a row.

The Shariah-based index fell marginally about 4 points or 0.25 per cent to 1,480 while the blue-chip comprising DS30 index gained 11 points or 0.43 per cent to 2,694.

The heavyweight banking sector surged 2.18 per cent driven by One Bank rising 9.7 per cent despite its weak third-quarter results of this year.

Turnover was down slightly over 3 per cent to Tk 1,461 crore over the previous session backed by the banking sector making up more than 31 per cent of the total turnover.

Newly listed Sena Kalyan Insurance Company continued to rally for the seventh straight session with a rise of 9.87 per cent, making it the largest gainer of the day.

Another debutant Acme Pesticides—the agricultural product input makers and distributors---also continued to rise for the fifth consecutive day soaring 9.58 per cent.

The worst losers included Kattali Textile, Matin Spinning Mills, Jute Spinning, Saiham Cotton Mills, Navana CNG, Aftab Automobiles, Alif Manufacturing Company and Mobil Jamuna Bangladesh.

Beximco Ltd was the most traded stock, followed by Fortune Shoes, Delta Life Insurance, IFIC, NRBC Bank, One Bank, Orion Pharmaceuticals, and Lafarge Holcim Bangladesh.