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Stocks mark gaining spree

Star Business Report
As the Dhaka market resumed yesterday after a nine-day break on account of Eld and weekend, stocks continued with the gaining streak that started a couple of days before the festival vacation.
The benchmark index of Dhaka Stock Exchange. DSE General index, rose by 16.26 points, or 0.53 percent to 3,075.06.
Market insiders said shares in fuel and power sector, pharmaceuticals and tannery sector spearheaded the rising trend.
In the fuel and power sector, most companies gained with Titas Gas increasing by 2.61 percent. Summit Power 1.41 percent and DESCO 1.1 percent.
Most pharmaceutical companies gained. Among the gainers, Renata
rose by 3.63 percent, GlaxoSmithKline 2.61 percent, Marico 2.36 percent, Reckitt Benckiser 0.94 percent and Square Pharma 0.92 percent. However, ACI and Beximco Pharma lost 1.00 percent and 0.5 percent respectively.
The tannery sector also advanced with Bata gaining by 4.04 percent and ApexAdelchi by 3.45 percent.
The broader DSE All Share Price Index gained 13.14 points, or 0.51 points to 2,583.34.
Advancers beat losers 127 to 109. One security remained unchanged.
A total of 3,06,41,914 shares and mutual fund units worth Tk 400.02 crore were traded on the premier bourse.
Titas Gas topped the turnover leaders with 0,58,550 units worth Tk 58.71 crore being traded on the DSE.
Imam Button, which increased by
9.1 percent, was the largest gainer. Modern Dyeing, which declined by 7.66 percent, was the biggest loser.
Chittagong stocks also marked a rise. The CSE Selective Categories Index gained 22.9 points, or 0.34 percent to 6,739.33. The CM All Share Price Index increased by 33.79 points, or0.31 percent to 10,630.12.
A total of 37,70,077 shares and mutual fund units worth I k 35.44 crore changed hands on the Chittagong Stock Exchange. Of the traded securities, 77 advanced and 70 declined.
Hie biggest gainer Imam Button advanced by 0.81 percent. Phoenix ■Finance and Investments was the largest loser that declined by 6.77 percent.
AIMS 1st Mutual Fund topped the turnover leaders with 7,52,500 shares worthTk 1.68 crore being traded on the port city bourse.