Dhaka stocks returned to the positive zone last week despite fall in turnover as investors bought shares following the government\u2019s move to allocate special fund to bail
\nout the small-scale investors affected by the market crash.
\nDSEX, the benchmark index of the Dhaka Stock Exchange, gained 3.08 per cent, or 115.98 points, to finish at 3,878.07 points.
\nThe old key index of the bourse, DGEN, finished at 4,100.51 points, advancing by 3.18 per cent or 126.36 points.
\nDS30, the blue-chip index of the DSE, gained 2.83 per cent, or 39.22 points, to finish at 1,426.75 points.
\nAverage daily turnover of the bourse declined by 31.50 per cent to Tk 297.96 crore compared with the previous week\u2019s Tk 435.00 crore.
\nMarket operators said the Bangladesh Bank\u2019s move to finance Tk 1,200 crore loan rescheduling scheme for small-scale investors made the investors active.
\nThey said BB\u2019s another move in last week relaxing some provisioning rules also made investors more positive about the market.
\nThe sustainability of the upward trend at the market depends on the stability on the political front, they also said.
\n\u2018Budgetary expectations and regulatory relaxation driven optimism stayed as core driving force of the rally amid apparent eased up political frontier. Meanwhile, market friendly regulatory steps
\nput a thrust on participation, particularly in the last part of the week,\u2019 IDLC Investments said in its weekly market commentary.
\n\u2018The upbeat vibe gathered further momentum over news of Bangladesh Bank\u2019s approval of refinancing scheme for institutional participants. Optimism speeded up once more as investors anticipated positive news from press conference of Bangladesh Bank,\u2019 it also said.
\nAll the major sectors ended higher last week with non-bank financial institutions on the top of the list, advancing by 6.15 per cent in the week. Pharmaceuticals gained 3.97 per cent and telecommunications 3.63 per cent. Fuel and power and banks gained 2.59 per cent and 2.0 per cent respectively.
\nUnited Airways topped the turnover chart with its shares worth Tk 80.27 crore changing hands in the week. The other turnover leaders were Orion Pharma, BSCCL, Summit Purbanchol Power, Square Pharma, Aamra Technologies, Grameenphone, Beximco, Titas Gas and National Bank.
\nSecond ICB Mutual Fund led the gainers\u2019 list on the week as its share price increased by 31.31per cent.
\nSavar Refractories was the worst loser on the week as its share price declined by 15.96 per cent.<\/p>\n

-With New Age<\/span> input<\/p>\n","protected":false},"excerpt":{"rendered":"

Dhaka stocks returned to the positive zone last week despite fall in turnover as investors bought shares following the government\u2019s move to allocate special fund to bail out the small-scale investors affected by the market crash. DSEX, the benchmark index of the Dhaka Stock Exchange,<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[4],"tags":[610,326],"yoast_head":"\n