Dhaka, Bangladesh (BBN) – Dhaka stocks ended higher on Tuesday, registering the highest turnover crossing the BDT 7.0 billion mark to hit six-week high, after edging lower in the previous session on profit taking.
Market operators said that investors went for fresh buying expecting further stability of the market in days ahead. Participation of institutional investor’s also increasing as turnover value rose substantially.
The market started the day with a strong note, gaining more than 40 points within five minutes and the momentum continued until the closure, as the investors went for fresh buying and finally ended 67 points higher.
The benchmark general index of the Dhaka Stock Exchange, generally known as DGEN, the key index of the market advanced 67.60 points or 1.26 per cent to close at 5,401.02.
The broader DSE All Shares Price Index (DSI) went up by 54.34 points or 1.22 percent to close at 4,496.38. The DSE-20 blue-chip index also advanced 19.63 points or 0.50 percent to close at 3,965.95.
Turnover value crossed the BDT 7.0 billion mark and stood at BDT 7.10 billion after six-week which was 19.33 per cent higher compared to BDT 5.95 billion in the previous session.
Most of the issues price increased on the day as out of 261 issues traded, 200 advanced, 44 declined and 17 remained unchanged.
A total of 130.50 million shares changed hands on the day against 115.28 million in the previous session. The trade deals also increased to 186,170 against Monday’s 157,352.
Total market capitalization of the DSE, increased to BDT 2,679.24 billion against BDT 2,653.79 billion in the previous session.
Among the major sectors non-banking financial institutions (NBFIs) was the top gainer with 5.07 percent gain. Pharmaceuticals and fuel and power gained more than 1.0 percent each while telecommunications gained 0.17 percent.
Heavy weight banking sector continued to decline and lost 0.33 percent on the day after 1.58 declined in the previous session.
BBN/SSR/AD-03Jan12-7:15 pm (BST)