Dhaka stocks advanced sharply for the fourth trading session on Sunday, the first trading day of the week, with investors continuing heavy buying as the second day of countrywide strike called by Jamaat passed sluggishly. The key index of Dhaka Stock Exchange, DSEX, closed at 4,913.24 points, adding 0.96 per cent or 47.05 points. DSEX has now gained 203.33 points in four days.The market rose sharply with increase in prices of most of the traded shares as investors found nothing to worry about the countrywide relaxed strike called by Jamaat, market operators said.
On the other hand, investors were also expecting that Monday’s strike called by the BNP-led alliance may also remain calm and that was another reason behind investors’ optimistic participation on the trading floor, they said.
In line with the recent trend, investors continued to be optimistic about share prices on the day which resulted in increase in share prices of more than two-third traded scrips, they said.
Besides, diversion of funds from the banking sector to the capital market was another reason that increased fresh fund flow to the capital market, operators said.
DS30, the blue-chip index of the bourse, however, finished flat at 1,900.69 points, increasing 0.07 per cent or 1.37 points.
The Shariah index of DSE, DSES, increased by 0.58 per cent, or 6.70 points, to stand at 1,154.02 points.
All the indices— DSEX, DS30 and DSES — reached to fresh all time high on Sunday.
Turnover of the bourse declined to Tk 981.35 crore on Sunday compared with that of Tk 1,288.55 crore in the previous trading session.
‘Market continued the bull-run amid strong participation by the investors,’ IDLC Investments said in its daily market commentary.
‘Despite the nation-wide strike called by one of the political parties, investors remained active, reflecting their conviction that overall economic growth will remain intact,’ it said.
Of the shares of 305 companies and mutual funds traded on the day, 232 advanced, 60 declined and 13 remained unchanged.
BEXIMCO led the turnover chart on the day as its shares worth Tk 60.57 crore changed hands.
Beximco Pharma, BSRM Steels, Grameenphone, MJL Bangladesh, Summit Power, Lafarge Surma Cement, Golden Son, Unique Hotels and Resorts and Active Fine Chemical Industries Limited were among other turnover leaders.
RAK Ceramics gained the most on the day as its share prices rose by 9.89 per cent, while Aci Formulations lost the most shedding 7.62 per cent.
-With New Age input
