Dhaka stocks advanced on Sunday, the first trading session of the week, after a two-day fall amid optimism that the United Nations assistant secretary general’s moves might break the current political stalemate. DSEX, the benchmark general index of Dhaka Stock Exchange, finished at 4,302.56 points, adding 0.58 per cent or 25.17 points. DS30, the blue-chip index of the DSE, advanced by 0.23 per cent, or 3.49 points, to close at 1,501.42 points.
Market operators said the visiting UN assistant secretary general for South and Central Asian Affairs Oscar Fernandez-Taranco’s move to push for a consensus on the next general elections among the political parties made investors optimistic.
The optimism resulted in an increased participation of investors on the trading floor which pushed up the turnover of the bourse above Tk 500-crore mark on the day, they said.
‘Apparently, the market greeted recent political dialogues stronger than ongoing blockades, sparking some optimism amid investors,’ IDLC Investments said in its daily market commentary.
As investors turned hopeful on a solution to political gridlock, positivity pulled up the DSEX to 4,302 points, it said.
‘Meanwhile, investors were more focused on low-priced, volume driven trades, putting mini and micro caps on the top of movement.’
Of the 287 shares and mutual funds traded on Sunday, 205 advanced, 47 declined and 35 remained unchanged.
The turnover of the bourse advanced to Tk 526.59 crore from Tk 441.70 crore in the previous trading session.
Generation Next Fashions led the top turnover leaders with its shares worth Tk 43.04 crore changing hands.
Delta Life Insurance, Paramount Textile, Argon Denims, RN Spinning Mills, Envoy Textile, Tallu Spinning, Bangladesh Building Systems, Bengal Windsor Thermoplastics and Central Pharmaceuticals were also among the top turnover leaders.
Bangladesh Building Systems gained the most with a 9.77-per cent rise in its share price, while Aftab Automobiles was the worst loser on day with a 7.27-per cent decrease.
-With New Age input
