Stocks gained yesterday, lifted by textile, cement and telecommunication issues.
The benchmark DSEX rose 27 points to 4,554 after a fractional rise in the previous session.
The Shariah index rose almost 10 points or 1% to 1,060. The comprising blue chips DS30 closed at 1,705 with a slight rise of 12 points or 0.8%.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, was up by 32 points to 8,596.
Turnover at DSE has improved over the previous session’s value by 28.2% and stood at Tk632 crore. Textile got investors’ attention as the sector made up over 21% of the total trade value.
Among the major sectors, cement, engineering, telecommunication and textiles gained 3%, 1.4%, 1.3% and 3.2% respectively.
The financial sectors, non-banking financial institutions and banks, went down by 0.72% and 0.16% respectively. Food and allied sectors lost 0.6% while pharmaceuticals closed flat.
Lanka Bangla Securities said the market reaffirmed a vibrant trading session and reverted with a strong market position.
It said the buying interest, which flickered in the last hour of previous trading session, continued to induce positive momentum towards manufacturing and power sectors.
IDLC Investments said holding its momentum, DSEX stayed above psychological level of 4,500-mark and amplified investors’ confidence.
“Growing businesses amid calm political scenario continued strengthening investors’ buoyancy as well as their participation in market.”
Zenith Investments said the market reversed its course of direction and would recover quickly with a huge turnover volume shortly before three days of holiday.
It said much of the credit goes to the Textile and Engineering sectors that fueled the growth of all the three indexes and made the market more attractable for the investors.
Grameenphone topped the liquidity chart, followed by MJL Bangladesh, Lafarge Surma Cement, Square Pharmaceuticals, Appollo Ispat and Matin Spinning.
