Stocks rose with low volume of trade yesterday, after profit-booking fall in the previous two sessions.
The market moved between positive and negative in the morning but started gaining from the mid-session, led by mainly small cap issues.
The benchmark index DSEX gained almost 31 points or 0.7% to close at 4,800.
The Shariah Index DSES moved up marginally over 4 points or 0.4% to 1,136. The comprising blue chips DS30 settled at 1,786, rising 11 points or 0.7%.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, soared 54 points to 8,905.
Volume of trade still remained low, indicating that some investors still did not feel comfortable in taking part in trading due to continued political turbulence in the country.
Turnover value at the Dhaka Stock Exchange was Tk280 crore, down more than 11% over the previous session.
Among the well performing sectors, food & allied posted the highest gain of 2.5% while non-life insurance took the maximum hit, losing almost 1%.
Almost all sectors ended flat. Bank, non-banking financial institutions, power, cement and pharmaceuticals closed marginally higher while telecommunication ended marginally lower.
Gainers outpaced losers as out of 312 issues traded, 167 closed positive, 98 declined and 47 remained unchanged.
IDLC Investments said market revived despite continuing political stalemate. “However, this enthusiasm was not widely held among all the market participants as reflected in the downturn in daily turnover.”
Lanka Bangla Securities said market started the morning with sell-off. However, after taking natural correction in last two trading sessions, index rebounded firm.
On the economic data front, the country’s overall imports fell substantially in this January, mainly due to the ongoing political unrest, it said.
Letter of credits against imports fell by more than 7% to $3.2bn in January, from $3.45bn in the corresponding month a year earlier, according to the central bank.
The remittance inflow to the country last month also fell marginally to $1234.85m from $1275m in December, 2014.
Aamra Technologies was the most volume of traded issues, followed by Beximco and Grameenphone, IFAD Autos, Summit Alliance Port Limited, Agni System and Square Pharmaceuticals.