Dhaka stocks maintained gain for the second day on Thursday with increasing turnover as the investors are buying shares in a hope to book profit after political unrest ends.
DSEX, the benchmark general of Dhaka Stock Exchange, gained 0.68 per cent or 28.81 points, to close at 4,241.54 points. The bluechip index of the bourse, DS30, gained 0.24 per cent or 3.53 points, to close at 1,446.98 points.
Turnover of the bourse increased to Tk 516.50 crore on the day from previous day’s Tk 471.28 crore.
Of the 289 traded issues, 142 advanced, 123 declined and 24 remained unchanged.
Market operators said investors are buying shares in the hope that the share prices will shoot up after the political unrest ends.
They said a section of investors are buying shares as they hope the situation might become normal in a few months.
They said some large investors and institutions are also buying shares banking on the same hope which pushed up the turnover recently.
The ongoing political instability surrounding the upcoming national election made another section of investors nervous as they feared the instability will continue for long, they said.
IDLC Investments Ltd in its daily market review on Thursday said that investors became optimistic following rising share price of banks and positive first quarter earning from fuel and power companies.
Banks saw the highest gain on the day advancing by 1.98 per cent, followed by power that gained 1.35 per cent and telecommunication that gained 0.55 per cent.
Non-bank financial institutions declined 0.48 per cent and pharmaceuticals 0.28 per cent.
Generation Next Fashion was the top traded share on Thursday as its shares worth Tk 31.49 crore changed hands.
The other turnover leaders were Meghna Petroleum, RN Spinning, Malek Spinning, SPPCL, Tallu Spinning, One Bank, Al Arafa Islami Bank, United Airways and Bengal Windsor Thermoplastics.
-With New Age input
