Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks extended the rally on Thursday, with turnover crossing Tk 7.0 billion-mark after six weeks as buoyant investors put fresh bets on large-cap stocks.
Market experts said investors opted to take positions in beaten-down major stocks as they came down to a historic low after sharp correction since removal of floor price in January this year.
The indices stayed upbeat throughout the session, with the benchmark index of the Dhaka Stock Exchange (DSE), finally went up more than 52 points or 0.99 per cent to settle at 5,355.
The DSEX recovered 135 points in the past three trading days.
The news of International Monetary Fund (IMF) loan approval and keeping the undisclosed money whitening opportunity without scrutiny by paying 15 per cent tax have boosted the investors’ confidence to some extent.
Apparently, market turnover crossed 7 billion-mark, rising by more than 16 per cent to Tk 7.06 billion, from Tk 6.05 billion in the day before.
The DS30 index, a group of 30 prominent companies, surged nearly 19 points to 1,922, while the DSES index, which represents Shariah-based companies, jumped 18 points to 1,193.
A majority of the stocks saw price surge, as out of the 401 issues traded, 246 closed higher, 99 lower and 56 remained unchanged on the DSE trading floor.
Pubali Bank became the most-traded stock, with shares worth Tk 374 million changing hands, closely followed by Unilever Consumer Care, Capitec Growth Fund, BAT Bangladesh and Renata.
The Chittagong Stock Exchange (CSE) also ended sharply higher, with its All Share Price Index (CASPI) soaring 164 points to 15,088 and the Selective Categories Index (CSCX) rising 101 points to 9,086.