Dhaka stocks advanced on Thursday, the last trading session of the week, with the turnover declining as some state-owned institutions were active on the trading
floor to keep the market afloat, market operators said.
The benchmark general index of Dhaka Stock Exchange, DSEX, finished at 3,559.25 points, advancing by 1.20 per cent or 42.33 points on the day.
Market operators said it seemed that investors were inactive in the early hours of the day’s trading as they were observing the situation following the International Crimes Tribunal-2’s verdict against Jamaat leader Mohammad Kamaruzzaman.
Later some state-owned institutional investors became active to keep the market afloat and when the market began to rise retail investors also participated in late trading, they said.
An official of a merchant bank said investors would regain their confidence if the gaining trend sustained.
The turnover of the bourse declined to Tk 168.19 crore from the previous trading session’s Tk 209.78 crore.
DGEN, the old general index of the bourse, advanced by 1.02 per cent, or 37.86 points, to finish at 3,742.21 points.
The DSE blue-chip index, DS30, advanced to 1,322.31 points on Thursday, gaining 1.06 per cent or 13.88 points.
‘Recent changes reduced political volatility to some extent, and accordingly sentiment improved slightly. In addition, budgetary expectations seemed to have started forming up as national budget for the financial year 2013-14 is approaching,’ IDLC Investments said in its daily market commentary.
Of the 274 issues traded on the day, 225 advanced, 35 declined, and 14 remained unchanged.
Islami Bank topped the turnover leaders with its shares worth Tk 5.46 crore changing hands.
United Airways, Square Pharma, Olympic Industries, Aamra Technologies were also on the turnover leaders’ list.
ICB AMCL Islamic Mutual Fund gained the most as its share price went up by 9.79 per cent. Prime Finance First Mutual Fund, Prime Insurance, ICB AMCL First NRB Mutual Fund, Eastern Housing and Aamra Technologies were also among the top gainers.
Ibn Sina was the worst loser on the day as its share price declined by 18.13 per cent.
-With New Age input
