Dhaka stocks ended higher amid volatile trading on Wednesday as the bourse recorded an increased turnover again. The early hours saw the investors going for sell-offs while afterwards they opted to buy.
High officials of an institutional investor said violence between the Jamaat-e-Islami and police in the morning made the investors panicked.
‘Being scared, most of the investors went for sell-offs in the early trading hours, which led the market to the negative zoon,’ he said.
‘However, after one and a half hours the situation changed as the investor’s decision to buy shares helped the market end on the up,’ he added.
DSEX, the benchmark general index of Dhaka Stock Exchange, gained 0.30 per cent, or 13.01 points, to close at 4,253.45 points while DGEN, the old benchmark general index of the bourse, advanced by 0.41 per cent, or 17.93 points, to end at 4,349.97 points.
The blue-chip index of the bourse, DS30, finished at 1,535.27 points, gaining 0.36 per cent, or 5.58 points, on the day.
More than 11.06 crore shares worth Tk 482.72 crore were traded on the day, which means the turnover on the day was Tk 42.78 crore higher than the last trading session’s Tk 439.94 crore.
Retail investors said despite the recent political violence the increased turnover had boosted the investors’ confidence.
Among the 269 issues traded on the day, 153 advanced, 88 declined and 28 issues remained unchanged.
Shares of the textile sector were traded the most on the day, worth Tk 97.96 crore, as the sector gained 1.58 per cent.
United Airways led the turnover chart as its shares worth Tk 56.36 crore changed hands. The company’s share price saw a 3.85 per cent increase on the day.
Premier Insurance topped the gainers’ list as its shares went up by 9.83 per cent while Green Delta lost the most, 7.81 per cent.
-With New Age input
