Dhaka stocks remained positive for the fourth trading session on Thursday, the last trading day of the week, as fresh fund injection by investors continued.
The key index of Dhaka Stock Exchange, DSEX, closed at 4,642.37 points, adding 0.21 per cent or 9.91 points. Turnover of the bourse increased to Tk 602.28 crore on Thursday compared with Tk 550.65 crore in the previous trading session.
Stockbrokers said that the market for the last couple of weeks managed to sustain the positive vibe as fresh fund injection through various sources continued.
Investors’ increased attraction to the small capitalised companies was also observed for the last couple of trading sessions, they said.
Fresh funds were coming to the capital market from the banking sector as the banks’ interest rate on deposit declined significantly in recent times, former DSE senior vice-president Ahmed Rashid Lali told New Age.
Besides, big investors also became active on the trading floor in recent times which was another reason behind the increased share prices and turnover at the bourse, he said.
After a decline in foreign investment at the bourse for last two month, inquiries about the market from overseas investors increased in recent times which means they were interested in our market, he said.
DS30, the blue-chip index of the bourse, finished flat at 1,758.24 points, increasing 0.17 points.
The Shariah index of DSE, DSES, rose by 0.16 per cent, or 1.80 points, to close at 1,088.92 points.
Of the shares of 295 companies and mutual funds traded on the day, 185 advanced, 88 declined and 22 remained unchanged.
‘Market momentum continued for the fourth consecutive session amid improved turnover,’ IDLC Investments said in its daily market commentary.
‘Despite last day’s muted activity in the bourse, turnover improved and crossed Tk 600 crore mark,’ said IDLC.
MJL Bangladesh led the turnover chart on the day as its shares worth Tk 33.69 crore changed hands.
Lafarge Surma Cement, BEXIMCO, BSRM Steels, Grameenphone, Beximco Pharma, Bengal Windsor Thermoplastics, Agni Systems, Delta Life Insurance and Summit Power were among other turnover leaders.
Prime Finance First Mutual Fund gained the most as its share prices increased by 9.64 per cent, while EBL NRB Mutual Fund was the worst loser with a 9.61 per cent decline in share prices.
-With New Age input
