Bangladesh stocks extend gains despite lower turnover

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Bangladesh stocks extend gains despite lower turnover

Bangladesh’s stock markets extended their upward trend for a second consecutive trading session on Monday, with benchmark index rising on both the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). However, overall market turnover declined despite gains in share prices.

Trading on the DSE began with buying interest in most listed companies, helping the market maintain positive momentum throughout the session. At the close, 166 companies and mutual fund units posted gains, while 155 declined and 71 remained unchanged.

The DSE Broad Index (DSEX) advanced 12 points to close at 5,800. The DS30 Index, comprising blue-chip stocks, gained 1 point to 2,193, while the DSE Shariah Index rose 5 points to 1,183.

Despite the positive performance in indices, turnover on the DSE fell to Tk 1.42 billion, down from Tk 1.53 billion in the previous session, marking a decline of Tk 113.5 million.

The Chittagong Stock Exchange also ended higher, with its benchmark CASPI Index gaining 73 points. Of the 254 issues traded, 135 advanced, 93 declined, and 26 remained unchanged.

Turnover on the CSE dropped sharply to Tk 165.9 million from Tk 669.3 million in the previous trading session.

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