Stocks broke the sixth consecutive session of losses yesterday, pulled up mainly by telecommunications, pharmaceuticals and banking issues.
The trading activities, however, remained lackluster with an extreme volatility and sharp sell-off due to two mutual funds redemption.
The benchmark index DSEX rose 10 points or 0.3% to close at 4,473. The index moved both the sides of the fence by around 30 points between intraday high of 4,487 and low of 4,459.
The Shariah index DSES was marginally up 3 points or 0.3% to 1,086. The blue chip comprising index DS30 inched up 5 points or 0.4% to 1,718.
The Chittagong Stock Exchange Selective Category Index CSCX ended at 8,369, dropping fractionally 0.4 points.
Telecommunications sector performed well, rising 1.6%, driven by Grameenphone, the country’s top mobile operator.
Food and allied sector also did well with a rally of 1.5%, followed by pharmaceuticals 0.8%, banks 0.6% and power 0.4%.
Non-banking financial institutions, life insurance, cement and engineering sectors closed marginally lower. The DSE total turnover stood at Tk330 crore, which is sharply down 42% over the previous session’s value.
The turnover was significantly down as there was a one off-sell event due to closure of AIMS First Mutual Fund and Grameen One.
The market traded within a range of 28 points throughout the session, according to the City Brokerage.
Shares of 315 companies were traded on the day. Of these, 142 companies declined, 102 closed higher while 71 remained unchanged.
Lanka Bangla Finance that fell 4.6% was the most traded share with a turnover worth about Tk24 crore, which accounted for 7% of the total turnover.
