Dhaka stocks rebounded on Tuesday after two sessions in the red as the main opposition party BNP’s move on the day to send a letter to the ruling party over formulation of a polls-time government made the investors optimistic. The benchmark general index of Dhaka Stock Exchange, DSEX, increased to 3,814.66 points, adding 1.34 per cent, or 50.77 points.DS30, the blue-chip index of the bourse, gained 1.20 per cent, or 16.43 points, to finish at 1,375.24 points.
The DSEX and DS30 had lost 79.67 and 29.14 points respectively in the last two trading sessions.
Market operators said that the market on the day
witnessed significant increase as the investors became optimistic about the political prospects following the BNP letter to the ruling party.
If the two main political parties hold talks to this end, the country will be saved from further political violence, added the operators.
‘Upbeat vibe persisted throughout the session with investors’ buying spree,’ IDLC Investments said in its daily market commentary.
It also said that ‘additionally, expectation regarding upcoming quarterly earning declaration created a technical stimulus amid investment community and assisted today’s [Tuesday] reversal pattern.’
The turnover of the bourse increased to Tk 188.82 crore from the previous trading session’s Tk 167.11 crore.
Of the 286 shares and mutual funds traded on the day, 248 advanced, 22 declined and 16 remained unchanged.
Argon Denims led the turnover chart as its shares worth Tk 14.69 crore changed hands on the day.
Envoy Textile Mills, Delta Life Insurance, Bangladesh Submarine Cable Company, Bangladesh Building Systems, Meghna Cement, JMI Syringes and Medical Devices, Orion Pharma, Square Pharmaceuticals and Beximco were the day’s other turnover leaders.
Anwar Galvanizing gained the most on Tuesday as the price of its shares increased by 10 per cent, while Kohinoor Chemicals lost the most, 8.38 per cent.
-With New Age input
