Dhaka, Bangladesh (BBN) – Dhaka stocks ended higher on Thursday, the last trading day of the week with improving turnover value as investors went for buying shares at available attractive prices.
The market opened with a flying note, gaining almost 85 points within the first one and half hours of the trading session and then went down steadily for the rest of the session amid moderate ups and down and finally ended more than 32 points higher.
The benchmark general index of the Dhaka Stock Exchange (DGEN), the yardstick of the market soared 32.53 points or 0.72 per cent to close at 4,543.44.
The broader All Shares Price Index (DSI) went up by 25.23 points or 0.66 per cent to close at 3,808.14.
However, the DSE-20 Index comprising blue-chip shares plummeted 11.14 points or 0.30 per cent to close at 3,584.62.
“Following end of AL’s showdown Wednesday, momentary relief from political tension eased off the investors. But, investors kept their cautious eye on annual general meeting (AGM) of the Dhaka Stock Exchange,” said IDLC Finance Ltd, in its daily market analysis.
Prices of most traded issues gained on the day as out of 258 issues traded, 155 advanced, 79 declined and 14 remained unchanged.
Turnover value stood at BDT 3.71 billion in value terms which was 15.93 per cent higher compared to previous day’s BDT 3.20 billion.
A total of 76.74 million shares changed hands on the day against 66.03 million in the previous session. The trade deals also increased to 106,425 against Wednesday’s 99,950.
The total market capitalization of the DSE stood at 2,374.67 billion against BDT 2,360.01 billion in the previous session.
Meanwhile, five more sponsor-directors Thursday expressed their intention to buy 1.018 million shares of their respective companies at prevailing market price through Stock Exchange within next 30 working days.
All the major sectors gained on the day with fuel and power telecommunications gaining most 2.22 percent and 2.18 percent respectively. Banks, pharmaceuticals and non-banking financial institutions (NBFIs) posted 0.67 percent, 0.56 percent and 0.34 percent respectively.
Beximco Limited topped the turnover chart with shares worth BDT 326.41 million changing hands.
The other turnover leaders were GP, Sumit Power, Keya Cosmetics, Titas Gas, United Airways, Golden Son, Beximco Pharma, BSRM Steel and Jamuna Oil.
Ocean Container Limited was the day’s highest gainer posting a rise of 9.50 percent.
It was followed by Berger Paints, BD Welding, United Insurance, Sinobangla Industries, Gemini Sea Foods, Pragati Life Insurance, Pharma Aid, DESCO and KPCL.
The day’s worst losers included BATBC, Monno Stafflers, Northern Jute Manufacturing, Keya Cosmetics, Pioneer Insurance, Shympur Sugar Mills, Usmania Glass, Apex Spinning, Union Capital and NLI First MF.
BBN/BB/SI-16Mar12-6:10 pm (BST)