Dhaka stocks gained on Monday amid increased turnover as the investors became optimistic about the market following a regulatory decision that eased rules for the margin account holders.
The turnover of the Dhaka Stock Exchange increased to Tk 206.98 crore, which was 39.76 per cent higher than the earlier trading session’s turnover of Tk 148.10 crore.The benchmark general index of the bourse, DSEX, advanced to 3,636.76 points on Monday as it gained 1.30 per cent or 46.73 points.
The DSEX had gained 82.17 points last week after losing 348 points in the earlier two.
Market operators said participation of the margin account holders, who had been inactive for quite some time, helped the turnover cross the Tk 200 crore mark.
The capital market regulator’s decision that relaxed the margin rules made the investors optimistic about the market, they said.
A senior officer of a merchant bank said that the rumour of fresh bank investments in the capital market following the decline of the interbank call money rate to a single digit also had a positive impact on the investors’ psychology.
The participation of the big investors also increased on the trading floor as the latest developments gave the market a positive signal, he said.
DGEN, the old benchmark general index of the bourse, finished at 3,763.71 points on the day, gaining 1.16 per cent or 43.36 points.
The DGEN had gained 63.32 points last week after shedding 208 points in the earlier two.
The blue chip index of the bourse, DS30, gained 1.23 per cent, or 16.39 points, to finish at 1,338.44 points on the day.
Among the 272 shares and mutual funds traded on the day, 209 advanced, 47 declined and 16 issues remained unchanged.
‘The bourse resumed upbeat after staying closed on account of weekend and Bengali New Year. Prime benchmark DSEX gained 46.74 points, while turnover crossed BDT 2000 mn. After shed-off in last session, positivity rebounded, mostly due to some apparent improvement in political expectations,’ IDLC Investments said in its daily market commentary.
Orion Pharma topped the turnover chart as its shares worth Tk 19.61 crore changed hands while textile gained the most, 4.07 per cent, among the major sectors on the day.
Modern Dyeing and Screen Printing led the gainers’ list as its shares went up by 10 per cent while Islami Bank lost the most, 16 per cent.
-with New Age input
