Stocks buoyed by fresh buying

Turnover on the Dhaka Stock Exchange rose by the most in eight days to Tk 300 crore yesterday, in spite of the drawn-out political crisis.

DSEX, the benchmark general index of the Dhaka bourse, gained 23.84 points or 0.49 percent to close at 4,810.53, the highest in 15 days. DSES, the shariah index of the DSE, went up 4.70 points or 0.41 percent to close at 1,145.43.

“Defying the political deadlock, lucrative prices as well as expectation on upcoming year-end corporate declarations put an upbeat vibe in the overall market sentiment,” said IDLC Investments.

Besides, straight gains in the last six sessions also helped boost investor confidence, it said.

The DSEX recovered a sum of 192.1 points in the last seven sessions and the market received some fresh funds, it said.

Turnover, the most important indicator of the market, advanced 15.6 percent to Tk 346 crore, compared to the previous day.

A total of 0.96 lakh trades were executed with 9.23 crore shares and mutual fund units changing hands on the Dhaka bourse.

Gainers beat losers 165 to 102, while 42 remained unchanged out of the 309 issues that traded on the DSE.

Among the major sectors, telecoms gained the most with 2.2 percent, while pharma lost 0.7 percent.

Beximco featured on the most traded stocks chart with 49.44 lakh shares worth Tk 16.53 crore being traded, followed by Ifad Autos, Aamra Techonologies, Grameenphone, and Agni Systems.

Beximco was also the highest gainer of the day, posting a rise of 9.77 percent, while Prime Finance First Mutual Fund was the worst loser, plunging by 8.33 percent.

Chittagong Stock Exchange also gained yesterday with its selective categories index, CSCX, going up 39.86 points to close at 8,924.14. Of the 233 issues that traded on the port city bourse, 107 advanced, 96 declined and 30 remained unchanged.

A total of 1.05 crore shares and mutual fund units traded on the CSE with a turnover of Tk 41 crore.