Dhaka stocks gained significantly for the second trading session on Sunday as the turnover increased heavily thanks to the government decision to introduce a refinance scheme for the affected retail investors of the 2010 market crash, which boosted the investors’ confidence. The turnover of the Dhaka Stock Exchange advanced to Tk 261.14 crore, the highest since the Tk 278.41 crore recorded on March 3, by posting a 55.26 per cent, or Tk 92.95 crore, increase from the earlier trading session’s Tk 168.19 crore.
The old key index of the bourse, DGEN, on the day crossed the 3,800-point mark for the first time since March 25 when it was at 3818.30 points.
The DGEN finished at 3816.75 points, gaining 1.99 per cent or 74.53 points.
Market operators said the government decision regarding the refinance scheme made the investors optimistic.
Increased turnover of the bourse also shows that investors who had been inactive on the trading floor for long became active learning about this decision, they said.
Investors’ turnout in the brokerage houses and the merchant banks was better on the day compared with the other days when strikes were enforced, a stockbroker said.
The key index of the bourse, DSEX, advanced to 3,639.80 points, gaining 2.26 per cent or 80.54 points.
DS30, the blue chip index of the DSE, gained 1.58 per cent, or 20.90 points, to finish at 1,343.22 points.
‘While improvement in the political front helped push up sentiment a bit, Q1 earnings was at the heart of today’s activities,’ IDLC Investments said in its daily marker commentary.
Of the 275 issues traded, 94 shares and mutual funds gained more than 5 per cent on the day.
Among the traded issues, 237 advanced, 37 declined and only one remained unchanged.
United Airways led the turnover chart on the day as its shares worth Tk 10.92 crore changed hands while Olympic Industries, Orion Pharma, Generation Next, Square Pharma, RN Spinning and Summit Purbanchol Power Company followed the chart.
Active Fine Chemicals topped the gainers’ list as its shares went up by 9.96 per cent while ICB AMCL Mutual Fund, Global Heavy Chemicals, Global Insurance, Northern Insurance and Grameen One Mutual Fund were the other major gainers.
Shahjalal Islami Bank lost the most, 14.95 per cent, while they were joined by Shayampur Sugar Mills, Kohinoor Chemicals, Jute Spinners, Sonali Aansh and Monno Jute Stafflers in the list.
-With New Age input
