Stocks gained for the second straight day amid continued volatility yesterday.
Like previous day, the market saw a modest gain in the morning, but went into red before landing in green zones at close.
The benchmark index DSEX rose 23 points or 0.6% to end at 4,335, after edging up in previous session.
The Shariah index DSES was up 5 points to 1,051. The blue chip comprising index DS30 gained 13 points to 1,645.
The Chittagong Stock Exchange Selective Category Index CSCX was up 32 points to 8,110.
Strong buying and selling pressure have helped increase the DSE turnover that stood at Tk385 crore, up 27% over the previous session.
Bank, power, pharmaceuticals, food and allied, and cement were the market movers while telecommunications, insurance and textile continued to decline.
Pharmaceuticals and Engineering dominated the turnover chart, accounting for over 19% and 18% of the day’s total trade value respectively.
Lanka Bangla Securities said stocks got off to a weak start in the early trade, but rallied sharply in the afternoon, fueled by movement in large-cap stocks.
It said the market confirmed a turnaround in index, which can be attributed to a technical bounce.