Dhaka stocks advanced on Thursday, the last trading session of the week, following media reports that the overseas investors increased their participation in the trading which made investors optimistic. The key index of Dhaka Stock Exchange, DSEX, advanced by 0.69 per cent, or 33.59 points, to close at 4,845.08 points on the day. DS30, the blue-chip index of the bourse, closed at 1,681.91 points, adding 1.09 per cent or 18.15 points.
The shariah index of the bourse, DSES, finished at 996.35 points, adding 1.40 per cent or 13.83 points.
The turnover of the bourse increased to Tk 770.40 crore from Tk 620.58 crore in the previous trading session.
Of the 294 shares and mutual funds that changed hands on the day, 148 advanced, 118 declined and 28 remained unchanged.
Market operators said that amid a countrywide general strike the turnover and market increased on Thursday due to investors’ active participation on the trading floor following media reports that overseas investment at the capital market made the shares rise in January.
They also said that active participation by the government-owned institutions was among other reasons which kept the market going up.
Increase in share prices of large capital companies determined that the investors’ capacity to buy large capitalised company shares increased, they said.
‘Resting for two days, market turned around with large caps taking lead of the rally,’ IDLC Investments said in its daily market commentary.
‘In Thursday’s session, buyers dominated early in the session and were neutralised by sellers later.
As a result, despite soaring up as much as about 70 points, DSEX had to settle with a 34 points gain, at the day end,’ said IDLC.
‘In the mean time, stocks of multinational companies performed well on Thursday,’ it said.
Square Pharmaceuticals was the most traded script on the day as its shares worth Tk 41.14 crore changed hands.
Bangladesh Submarine Cable Company, Jamuna Oil, Olympic Industries, Meghna Petroleum, Grameenphone, Mercantile Bank, Padma Oil, LankaBangla Finance and Confidence Cement were among other turnover leaders.
Bangladesh Submarine Cable Company gained the most as its share prices increased by 7.41 per cent, while Rahima Food lost the most shedding 5.02 per cent.
-With New Age input
