Stocks cross 6,500 points for first time

    Shares ended higher today due to increased demand for bank shares with the benchmark reaching 6,500 marks for the first time.

    The Dhaka Stock Exchange (DSE) index rose 54 points, or 0.83 percent, to 6,535. This is the highest level of units since the introduction of the index in 2013.

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    Investors were interested in bank shares as their prices were low, said one stock broker.

    Turnover, a significant market indicator, increased by 5.8% to 2,314 crore Tk.

    At the DSE, 178 shares rose, 170 fell and 27 remained unchanged.

    Paper Processing & Packaging topped the list of winners, up 9.94%, followed by CVO Petrochemical, Simtex Industries, Genex Infosys Ltd and Savar Refractories.

    The shares of Beximco Ltd traded mostly worth Tk 109 million, followed by IFIC Bank, SAIF Powertec, Orion Pharmaceuticals and Genex Infosys.

    Peoples Insurance fell mainly by 8.50%, followed by Prime Insurance, Central Insurance, Pioneer Insurance and Global Heavy Chemicals.

    The port stock market also rose today. CASPI, the general index of the Chittagong Stock Exchange, rose 155 points, or 0.82%, to 19,014.

    Of the 326 stocks traded, 165 went up, 141 fell and 20 remained unchanged.

    Newsvibe24 Source