9-day market closure begins today
Bullish trend at the Dhaka bourse sustained for the third trading session on Thursday, the last trading session before a nine-day closure for Eid-ul-Azha, Durga Puja and weekly holidays, as investors remained positive about the market’s upward run.
The key index of Dhaka Stock Exchange, DSEX, rose by 1.63 per cent, or 84.45 points, to close at 5,237.72 points on the day.
Turnover at the bourse decreased to Tk 937.02 crore on Thursday compared with that of Tk 977.12 crore in the previous trading session.
Market operators said reduced share sell-offs ahead of the nine-day market closer and sharp increase in foreign investment at the DSE in September might be reasons for the upward vibe at the market.
The net overseas investment at the DSE increased to Tk 426.25 in September compared with that of Tk 12.45 crore in the previous month.
Banking sectors gained the most on the day as investors went for safe shares, they said.
An increased purchasing power of investors might be among other reason for the bullish vibe, they said.
Besides, diversion of funds from the banking sector to the capital market might be a reason for the recent bullish trend at the market, operators said.
DS30, the blue-chip index of the bourse, finished at 1,993.16 points, adding 0.38 per cent or 7.59 points.
The Shariah index of the DSE, DSES, stood at 1,219.24 points, increasing by 0.42 per cent or 5.11 points.
Of the 301 shares and mutual funds traded on the day, 251 advanced, 42 declined and eight remained unchanged.
‘The broad market performed robust in the last session before Eid vacation, where optimism from the buyers-end sustained,’ IDLC Investments said in its daily market commentary.
‘During today’s [Thursday] session the index was pushed above 5,200-point level with a turnover of more than Tk 937 crore,’ it said.
Titas Gas led the turnover leaders with its shares worth Tk 38.98 crore changing hands.
Delta Life Insurance, Square Pharmaceuticals, Familytex, Grameenphone, MJL Bangladesh, Peoples Leasing and Financial Services, Jamuna Oil, City Bank and Lafarge Surma Cement were among the other turnover leaders.
Familytex gained the most on the day with a 9.73-per cent increase in its share price, while Padma Life lost the most, shedding 16.97 per cent.
-With New Age input
