Dhaka stocks rallied for the second trading session on Tuesday with the old key index of the Dhaka Stock Exchange, DGEN, hitting a 13-month high as some state-owned entities remained active on the trading floor to keep the market afloat.
The DGEN advanced by 0.82 per cent, or 39.16 points, to close at 4,775.20 points, highest after 4,791.97 points on June 6 last year.
The turnover of the DSE crossed Tk 1,000-crore mark on Tuesday after three trading sessions to total at Tk 1,024.14 crore on the day.
The benchmark general index of the bourse, DSEX, increased to 4,295.83 points, advancing by 0.47 per cent or 20.33 points on the day.
The DSEX and the DGEN gained 60 points and 171.75 points respectively in the last two trading sessions after witnessing losses.
Market operators said the market on the day started on a positive note as some state-owned entities remained active on the trading floor to keep the market afloat amid general strike.
The tripartite general strike was enforced by left leaning student organisations and Ganajagaran Mancha who demanded death penalty for war criminal Ghulam Azam and Bangladesh Jamaat-e-Islami who demanded freeing their former party chief.
Investors, encouraged by the rising trend in the stock prices, increased their participation in late trading, they said.
But, the price indices started to lose points after Jamaat had announced fresh hartal for today, they said.
The International Crimes Tribunal-2 on the day declared that it would deliver verdict against Jamaat secretary general Ali Ahsan Mohammad Mojaheed today.
The DSE blue-chip index, DS30, advanced to 1,654.22 points, adding by 0.21 per cent or 3.47 points on the day.
‘Investors were optimistic and targeting lucrative scrips over imminent corporate declarations. Resultantly, fresh positioning and stocks shuffling kept market vibrant throughout the session,’ IDLC Investments said in its daily market commentary.
‘Stronger optimism was reflected in sharp movements, as 50 out of 284 stocks climbed by more than 5 per cent,’ it also said.
Of the 284 shares and mutual funds traded on the day, 152 advanced, 104 declined, and 28 remained unchanged.
Meghna Petroleum led the turnover chart on the day with its shares worth Tk 76.05 changing hands.
Exim Bank First Mutual Fund gained the most on its debut by increasing 10 per cent, while Zeal Bangla lost the most as its share price declined by 10 per cent.
-With New Age input
