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Stocks rise for second consecutive day


Stock investors hope the proposed budget will not leave any negative impact on the market, analysts said.
Rather, the participation of general investors rose as they believe there would be some positive steps in the budget for the market.
At the DSE, 164 stocks advanced, 146 fell and 57 remained unchanged.
Global Insurance topped the gainers list that rose 18 per cent on the DSE floor followed by GSP Finance, Pacific Denims, Fortune Shoes and Shasha Denims.
Beximco became the top traded stock with shares worth Tk 84 crore changing hands followed by Dutch-Bangla Bank, LankaBangla Finance, Global Insurance, and Rupali Insurance.
Social Islami Bank shed the most that lost 7.53 per cent followed by Asia Insurance, Northern Insurance, AIBL First Mutual Fund, Bangladesh National Insurance Company. ....

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DSEX hits 39-month high, market cap all-time high


The DSEX gained 198 points in the last three sessions.
The market started flying from the very beginning of Thursday’s session and maintained the momentum until the end of the session as investors continued buying shares, especially banks shares, market operators said.
They said that investors continued taking position in bank shares amid expectation of better returns as the prices of those shares still remained lucrative.
Investors reshuffled their portfolios and joined the banks rally by selling off other shares, market operators said.
EBL Securities in its daily market commentary said that the large capitalised bank sector led the rally as investors were engaged in buying rush in the sectoral stocks after their earnings surprises. ....

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