Dhaka stocks extend gain for sixth day

Dhaka stocks continued their gaining streak for a sixth consecutive trading day yesterday despite experiencing a lower turnover than that on the previous day.
The DSEX, the benchmark index of Dhaka Stock Exchange, gained 9.11 points, or 0.17 percent, to close at 5,179.17.
The country's premier bourse exhibited mixed performance across its other indices. The DSES index, which tracks Shariah-compliant companies, increased by 0.05 percent to 1,147 points. Conversely, the DS30 index, representing blue-chip firms, declined by 0.07 percent to 1,912 points.
Among the securities to undergo trade, 195 advanced, 147 declined, and 53 remained unchanged.
Despite posting gains, turnover declined more than 8 percent to Tk 429.65 crore at the end of yesterday's trading session. Metro Spinning topped the gainers' list, surging 10 percent, while Khulna Printing & Packaging saw the biggest drop, falling over 9 percent.
Services and real estate, non-bank financial institutions (NBFIs), and textiles were the top three sectors that closed in the positive territory. In contrast, paper and printing, ceramics, and food and allied were the top three that closed in the negative territory.
Large-cap sectors exhibited mixed performance. NBFIs experienced the highest gain of 2.16 percent, followed by fuel and power sector at 1.20 percent, and telecommunications at 0.38 percent.
However, the banking sector recorded a loss of 0.07 percent, followed by the engineering sector at 0.09 percent, the pharmaceuticals sector at 0.23 percent, and the food & allied sector at 0.71 percent, respectively.
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