Stocks end on high note ahead of Eid holidays

The country’s stock markets closed on a positive note on the last trading day on Wednesday before the Eid-ul-Azha holidays, with key indices rising in Dhaka and Chattogram and most company shares posting gains.

At the Dhaka Stock Exchange (DSE), the benchmark index DSEX increased by 44 points. The Shariah-based DSES index rose 11 points, while the blue-chip DS30 index gained 16 points.

Out of 396 companies traded at the DSE, 277 saw their share prices rise, 55 declined and 64 remained unchanged.

Shares advanced across all three categories — A, B and Z — with category A, which includes dividend-paying companies, showing notable gains. Of the 218 companies in category A, 160 gained in value, 28 declined, and 30 remained unchanged.

In the DSE block market, shares worth Tk 158.0 million were traded among 32 companies. Lovello led with Tk 84.0 million worth of shares changing hands.

The total turnover at the DSE stood at Tk 2.24 billion, down slightly from Tk 2.29 billion recorded the previous day.

Sonargaon Textiles led the gainers with a 9.63 percent increase, while Northern Jute Manufacturing Company fell the most, dropping 7.69 percent.

Meanwhile, the Chattogram Stock Exchange (CSE) also saw positive movement as its overall index gained 48 points.

Among 169 companies traded, 84 witnessed price increases, 54 declined and 31 remained unchanged.

The turnover at the CSE rose to Tk 101.2 million from Tk 99.0 million the previous session.

Sonali Life Insurance topped the gainers with a 9.83 percent rise, while Paramount Insurance fell more than 9 percent to the bottom.

Both stock exchanges will remain closed for 10 days from June 7 to June 14 ahead of Eid-ul-Azha. Trading will resume on June 15 as per the regular schedule.