Stocks rebounded yesterday after two days of profit-booking losses.
The rally was led by multinational companies, power, telecommunications, pharmaceuticals, cement and textile issues.
The Dhaka Stock Exchange benchmark index DSEX gained 38 points or 0.9% to 4,647.
The Shariah Index DSES was up 15 points or over 1% to 1,091. The comprising blue chips DS30 gained 25 points or 1.5% to 1,763.
Chittagong Stock Exchange (CSE) Selective Categories Index, CSCX, ended at 8,716 with a rise of 40 points.
Turnover at DSE has remained sluggish in the last two weeks as the average turnover hovered around Tk500-crore mark. Total turnover stood at Tk520 crore, an increase of 4% over the previous session.
The market bellwether banks edged lower, extending its losing streak for the second straight session.
However, all the other sectors have performed well with cement rallying highest 4.6%, followed by cement tannery 3%, power 2.5%, telco 1.6% and pharmaceuticals 1.4%.
In its second trading day, Shurwid Industries Ltd continued to rally with a gain of over 11% to close at Tk53 a share even after abnormal rise of 382% on its offer price of Tk10 in the previous day.
Lanka Bangla Securities said after consolidating for few past trading sessions, large cap picky stocks have showed up the positive momentum pushing up the index to green zone.
IDLC Investments said sustaining dominance of multinational companies (MNCs), especially due to dividend expectations finally pulled up the market.
The average price increase in MNCs by 3.4% from last day and investors’ interest in newly listed scrips, including Shurwid and Khulna Paper Printing and Packaging helped gain the market.
Zenith Investments said after two days of losses, bulls came back with a blast to finish the third day of the week with a positive note.
Heidelberg Cement has topped the liquidity chart with turnover worth Tk20.8 crore, followed by Singer Bangladesh, Lafarge Surma Cement, ACI Ltd, ACI Formulation and Beximco Ltd.
