Dhaka stocks gained for the third trading session on Sunday, but the turnover declined due to a buying pressure late in the session.
The benchmark general index of Dhaka Stock Exchange, DSEX, finished at 4,256.42 points, adding 0.35 per cent, or 14.87 points.DS30, the blue-chip index of the bourse, gained 1.01 per cent, or 14.69 per cent, to close at 1,461.67 points.
The turnover of the bourse declined to Tk 498.95 crore from the previous trading session’s Tk 516.50 crore.
Market operators said most of the shares prices had declined in the first hour of trading due to the investors’ profit-taking moves as the market had increased significantly in recent times.
However, soon the scenario changed as investors went on a buying spree, expecting some improvements on the political front, said the operators.
‘Sector wise swing, coupled with earnings disclosures based movement was showcased in today’s [Sunday] market sentiment by the investors,’ IDLC Investments said in its daily market commentary.
‘Backed by strong turnover of [around] Tk 499 crore, DSEX gained 14.88 points, to close at 4256.42 points, in the foreground of revived hope for an end in political strife following the recent developments in the arena,’ it also said.
Of the 285 shares and mutual funds traded on the day, 184 advanced, 76 declined and 25 remained unchanged.
Generation Next Fashions led the turnover chart on Sunday as its shares worth Tk 29.82 crore changed hands.
Meghna Petroleum, RN Spinning, Summit Purbanchol Power Company, Grameenphone, Al-Arafah Islami Bank, Bangladesh Building Systems, Dhaka Bank, UCB and United Airways were the day’s other turnover leaders.
Bangladesh Building Systems gained the most as the price of its shares increased by 9.97 per cent, while Anlima Yarn Dyeing lost the most, 9.72 per cent.
-With New Age input
