Stocks rebounded with volatility yesterday, breaking two days profit booking losses, shrugging off renewed political upheaval.
The market opened higher and continued to scale up till close of the session.
The benchmark DSEX rose nearly 64 points or 1.3% to close at 5,173.
The Shariah index DSES gained 17 points or 1.5% to 1,220. The comprising blue chips DS30 was up 30 points or 1.6% to 1,949.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, closed at 9701, rising 106 points to 9,701.
The market saw buoyant trading activities as the DSE turnover stood at Tk724 crore, a share increase of nearly 33% over the previous session. Quarterly earnings of financial sector kept the banking stocks in focus, while fuel and power, pharmaceuticals an other manufacturing stocks also were in buying radar.
Banking sector gave almost 1% return in market capitalisation following significant growth in Q3 on the top-line of some of the banking stocks.
However, non-banking financial institutions continued to slump with 1.5% loss. Cement sector gained 3.9% in market capitalisation followed by fuel and power 2.4% and Textile 1.3%.
LankaBangla Securities said market ended the day with smart gain on the closing day of the week where investors watched streams of corporate declarations to grip the movement in index.
IDLC Investments said the market rebounded amid robust turnover and reallocation of portfolio position by retail and institutional investors.
The turnover also broke the recent stalemate and posted an impressive 32.8% growth over last session, it said, adding that a number of quarterly declarations hit the market during the session and consequently the bourse reacted positively.
Zenith Investments said the market turned a blind eye to the recent political instability and took a smooth ride to close the last day of the week in positivity.
It said the total volume of the market also supported the index which made hefty gains after a long time. The gainers, however, beat losers strongly as out of 311 issues traded, 213 advanced, 77 declined and 21 remained unchanged.
The state-owned natural gas distribution company, Titas Gas, was the most trading stock with shares worth nearly Tk27 crore changing hands, followed by Summit Purbanchol Power Company, Khulna Power Company Limited, AB Bank, Khulna Printing & Packaging Limited and Grameenphone.
