Dhaka stocks advanced for the fourth trading session on Monday with the key index of Dhaka Stock Exchange, DSEX, hitting its fresh high as investors continued to inject fresh fund.
DSEX gained 0.81 per cent, or 38.85 points, to close at 4,826.51 points on the day, which is its highest since its launch with 4,055 points on January 28 last year.
DS30, the blue-chip index of the bourse, closed at 1,671.44 points, adding 0.67 per cent or 11.19 points on the day.
Market operators said both large-scale and retail investors continued to inject fund which kept the market up despite some profit-taking move from some institutional investors.
They said that investors were expecting further rise in the share prices amid eased political situation.
Expectations ahead of corporate declarations from the listed companies were also put an impact on the market, they said.
The Shariah index of the DSE, DSES, increased by 0.22 per cent, or 2.24 points, to finish at 981.52 points on Monday.
Turnover at the bourse increased to Tk 804.19 crore compared with Tk 697.67 crore in the previous trading session.
Of the 289 shares and mutual funds traded, 175 advanced, 90 declined and 24 remained unchanged.
‘Backed by continued upbeat sentiment, key index DSEX surfaced over 4,800 points level for the first time today [Monday],’ IDLC Investments said in its daily market commentary.
It said banks led the market both in terms of price and volume, riding mostly on lucrative prices and earnings and dividend expectations.
‘In consequence, the sector ascent by 2.22 per cent and captured 18 per cent of the total turnover of the day,’ IDLC said.
Meghna Petroleum led the turnover leaders with its shares worth Tk 45.92 crore changing hands.
Mercantile Bank, LankaBangla Finance, Aamra Technologies, Padma Oil, Summit Purbanchol Power Company, UCBL, Olympic Industries, Square Pharmaceuticals and United Airways (BD) were among the other turnover leaders.
Islami Insurance gained the most on the day with an 8.30-per cent increase in its share price, while Rahima Food lost the most, shedding 4.26 per cent.
-With New Age input
