Dhaka stocks advanced sharply on Wednesday with the key index of Dhaka Stock Exchange, DSEX, rebounding above 5,000 points level as investors continued with optimistic share purchase. DSEX, increased to 5,005.65 points, adding 1.43 per cent or 70.87 points after a 21-point rise in the previous day. Market operators said that investors’ optimistic participation on the trading floor ahead of the year ending to avail relatively low priced stocks after around 400 points fall of the DSE key index pushed the market up sharply.
On the other hand, investors were also expecting that the political field might remain calm for some weeks with the BNP-led opposition yet to announce any tough programme demanding fresh polls, operators said.
Besides, interest on deposit in the banking sector is yet around 7 per cent that could help to retain increased funds in the market that were diverted from the banking sector to the capital market, they said.
Turnover of the bourse increased to Tk 846.32 crore on Wednesday compared with that of Tk 668.77 crore in the previous trading session.
DS30, the blue-chip index of DSE, rose by 2.64 per cent to close at 1,870.94 points.
Of the 308 shares and mutual funds traded on the day, 171 advanced, 108 declined and 29 remained unchanged.
Dhaka Electric Supply Company gained the most on the day as its shares worth Tk 34.38 crore changed hands.
-With New Age input
