Dhaka stocks gained on Thursday with an increased turnover after nine sessions in the red as the prime minister’s call on the opposition party and its allies to sit
for a discussion boosted the investors’ confidence.
DSEX, the benchmark general index of the Dhaka Stock Exchange, gained 0.85 per cent, or 29.28 points, to finish at 3,468.18 points.
The DSEX had lost 133.79 points in the last nine sessions.
Market operators said the investors became optimistic after prime minister Sheikh Hasina had called on the opposition party and its allies to sit for a dialogue to settle the disputes over the next general election.
The investors thought the prime minister’s move might bring an end to the prolonged political crisis across the country, which will certainly boost the nation’s trades, they said.
The bail to six opposition leaders is also a positive sign on the political front, they observed.
The old benchmark general index of the bourse, DGEN, finished at 3,654.85 points, gaining 1.005 per cent, or 36.37 points, on the day.
During the first hours, DGEN had dipped to as low as 3,596.45 points, the lowest in 3 years and 5 months, but then it bounced back.
The DGEN had lost 84.54 points in the last eight trading sessions.
DS30, the blue chip index of the bourse, finished at 1,284.37 points on Thursday, gaining 0.13 per cent, or 1.78 points.
‘Despite a gloomy start, market eventually ended positive over improved political scenario and earnings surprises of some listed companies,’ IDLC Investments said in its daily market commentary.
The turnover of the bourse increased to Tk 171.12 crore on the day from the earlier trading session’s Tk 136.43 crore.
Among the 272 shares and mutual funds traded on the day, 204 advanced, 54 declined and 14 remained unchanged.
United Airways topped the turnover chart as its shares worth Tk 8.89 crore changed hands while Olympic Industries, Beximco, Titas Gas Transmission and Distribution Company and Unique Hotel followed the chart.
Among the major sectors, textile gained 2.64 per cent while telecommunications and engineering sectors gained 1.89 per cent and 1.53 per cent respectively.
CMC Kamal led the gainers’ list as its shares went up by 10.59 per cent while Rahim Textiles, Apex Foods and Sonar Bangla Insurance were the other top names in the table.
Tafakul Islami Insurance lost the most, 17.82 per cent, followed by AB Bank, Central Insurance, NCC Bank, NBL, Pharma Aids and Nitol Insurance.
-With New Age input
