Stocks start New Year with positive nod

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DHAKA, Jan 1, 2019 (BSS) – Stock markets opened on Tuesday with positive
nod since investors found positive stance after the massive victory of the
Awami League (AL) led grand alliance in the 11th parliamentary election.

In the election, the AL-led grand alliance secured 288 seats, while Jatiya
Oikyafront and its key component BNP bagged seven.

The major rising sectors were textile, pharmaceuticals and chemicals, fuel
and power and insurance. A total of 193 securities of the large-cap group
moved up due on higher activities.

The broader DSEX index of the DSE closed the session with 79.61 points up
at 5,465.25. The Shariah DSES and the blue-chip DS30 also followed the same
trend with 12.98 points up at 1,245.80 and with 27.41 point down at 1,908.20.

The daily volume of shares increased to 15.30 crore from Thursday’s 13.78
crore shares. But the daily turnover in value at DSE declined to Taka 530.17
crore from Taka 538.34 crore of the previous session.

At DSE, out of the day’s 341 traded issues, price of 264 securities closed
higher against 54 losing issues.

The major gaining issues were MLDYEING, IBP, KPCL, JMISMDL and Paramount.
The major losing issues were National Life Insurance, Monnno Stafflers,
KEYACOSMET, Jamuna Oil and Green Delta.

BBS Cables topped the turnover leaders followed by PTL, Beximco, Ifad
Autos and KPCL.

The Chittagong Stock Exchange (CSE) closed the day of the week with upward
trend with its major CASPI 281.30 points up at 16,730.81.

At CSE, 248 issues were traded. Of those, 198 closed higher and 39 closed
lower when 1.07 crore shares worth Taka 24.49 crore changed hands.