Dhaka stocks advanced on Tuesday with the blue-chip index of Dhaka Stock Exchange, DS30, hitting all time high as reduced political tension helped investors in increasing their participation at the trading floor. The blue-chip index of the bourse rose by 1.35 per cent, or 23.31 points, to close at 1,745.99 points, the highest after its inception with 1,460.30 points on January 28 last year. The key index of DSE, DSEX, increased 4,602.43 points, adding 1.04 per cent or 47.46 points.
Market operators said that investors, who had been tense about the political situation, became active on the trading floor as they thought political situation and the market might remain stable in near future.
Along with the expectation, fresh funds were injected by a section of investors who were inactive on the trading floor for last few months, they said.
Low bank deposit rate also made investors optimistic at the trading floor in an expectation that funds may divert to the capital market from the banking sector.
‘The DS 30 index comprising of 30 blue chip companies rose to a record high because of heavy buying by the investors,’ said a stockbroker.
The Shariah index of the bourse, DSES, finished at 1,083.56 points, rising 1.75 per cent or 18.65 points on the day.
Of the 304 shares and mutual funds traded on the day, 207 advanced, 67 declined and 30 remained unchanged.
Turnover of DSE increased 10.01 per cent to Tk 551.66 crore on Tuesday compared with that of Tk 501.46 crore in the previous trading session.
‘Market-wide positive tone advanced the bourse significantly, during the day,’ IDLC Investments said in its daily market commentary.
‘As a result, gaining 47.46 points, DSEX surpassed 4,600.00 points mark after four months,’ it said.
‘Besides, blue chip index, DS30 and Shariah compliant index, DSES touched the highest points of 1,746.00 and 1,083.57 respectively from the inception to post 19.56 per cent and 14.97 per cent return,’ it said.
‘Still, clienteles were assessing valuation level of the market and re-positioning in lucrative blue chip scrips,’ said IDLC.
BEXIMCO led the turnover chart on the day as its shares worth Tk 24.92 crore changed hands.
Grameenphone, Lafarge Surma Cement, MJL Bangladesh, Beximco Pharma, Bangladesh Shipping Corporation, Keya Cosmetics, Agni Systems, Rangpur Dairy & Food Products and BSRM Steels were among other turnover leaders.
Agni Systems gained the most on the day as its share prices rose by 9.62 per cent, while Aims First Mutual Fund was the worst loser of the day with a 26.77 per cent decline in unit prices.
-With New Age input
