Dhaka stocks opened the week with moderate gains on Sunday ahead of the announcement of the national budget on Thursday. DSEX, the benchmark general index of Dhaka Stock Exchange, advanced by 18.09 points or 0.41 per cent to close at 4,448.57 points on Sunday. In earlier trading session on Thursday stocks fell flat dropping only 0.50 points.Market operators said that the market rebounded on Sunday as some investors went for buying hoping to gain after the announcement of the national budget.
Although losers outnumbered the gainers with 139 issues declining and 125 issues advancing, some heavyweight scrips with larger capital-base pulled the market up.
‘Investors are betting on some stocks, especially with link to infrastructure projects, as the government may emphasise on the projects,’ said a stockbroker.
Besides, there are talks about corporate tax cut in the budget, he said.
Many of the investors are still worried about the budget and a legal battle over mandatory shareholding rule of the securities regulator, he said.
Turnover of the bourse increased to Tk 376 crore on the day from that of Tk 323.30 crore in the previous session.
DS30, the blue-chips index of the bourse, advanced by 16.81 points or 1.04 per cent to close at 1,626.08 points.
DSES, the DSE’s Shariah index, increased by1.04 per cent, or 10.42 points, to close at 1,003.24 points.
Grameenphone topped the turnover leaders with shares worth Tk 30.89 crore changing hands.
The other turnover leaders were Lafarge Surma Cement, Meghna Petroleum, ACI, Mobil Jamuna, Delta Life Insurance, BSRM Steel, Heidelberg Cement, Mercantile Bank and Square Pharmaceuticals.
-With New Age input
