Dhaka, Bangladesh (BBN)- Bangladesh’s stocks on Thursday, the last working day of the week, turned positive as sentiment improved slightly amid reduced political volatility and government's positive moves for betterment of the capital market.
The General Index of the Dhaka Stock Exchange (DGEN) ended at 3,742.21 points, gaining 37.86 points or 1.02 percent as the market ended positive keeping optimism alive for more investor participation.
The DSEX went up by 42.33 points or 1.20 percent to close at 3,559.25 while the blue chip index DS30 rose 13.88 points or 1.06 percent to close at 1,322.31.
After three consecutive session of upsurge, turnover went down 19.8 percent at DSE compared to the last trading session and summed to BDT 1.68 billion as investors were cautious due to strike.
Of the 274 traded issues at DSE, 225 advanced, 35 declined and 14 remained unchanged.
Majority of the sectors marked their steps in the positive zone. IT sector was the top gaining 2.07 percent. Textiles gained 1.81 percent. Textile stocks also registered the highest amount in turnover with 257.4 million worth.
All the major sectors posted gain with banks 1.26 percent closely followed by fuel and power 1.25 percent. Telecommunications, pharmaceuticals and non-banking financial institutions (NBFIs) were gained 0.73 percent, 0.51 percent and 0.30 percent respectively.
The total market capitalization of the DSE stood at BDT 2,219.03 billion against BDT 2,201.96 billion in the previous session.
A total of 0.066 million trades were executed on the premier bourse with 56.17 million shares and mutual fund units were trading volume.
Islami Bank was the most traded stock of the day with shares worth BDT 54.68 million changing hands. United Airways, Square Pharma, Olympic and Aamra Technologies were day's next popular stocks.
ICB Islamic Bank was the day's highest gainer, posting a rise of 9.79 percent while INB Sina was the day's worst loser, slumping by 18.13 percent following its price adjustment after record date.
The Chittagong Stock Exchange (CSE) also ended higher with the Selective Categories Index gained 64.24 points to close at 7,007.50 points.
Gainers beat losers 132 to 33 with 18 issues remaining unchanged on the port city bourse that traded 6.67 million shares and mutual fund units on a value of Tk 180.74 million.
BBN/SSR/AD-11May13-11:13 pm (BST)
