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Stocks ended higher on Wednesday as optimistic investors were putting fresh funds into lucrative shares in anticipation of short-term gain.
The prime index of the Dhaka Stock Exchange (DSE) increased by 12.53 points to settle at 5,694.14.
A section of investors are optimistic about the return of good governance in the market as the massive reforms are underway in the financial sectors, including the capital market while some are rebalanced their portfolios ahead of earnings disclosures of June closing companies.
The blue-chip index DS30, a group of 30 prominent companies, saw an 8.37 point increase to 2076.98, while the DSES Index, which represents Shariah-based companies, saw a 7.49-point increase to 1,245.68 till the end.
Turnover, a crucial indicator of the market, stood at Tk 5.54 billion, down 12.80 per cent from the previous trading day.
The majority of the stocks saw a price decrease, as out of the 396 issues traded, 113 closed higher, 224 ended lower, and 59 remained unchanged on the DSE trading floor.
Sonali Aansh Industries was the most-traded stock with shares worth Tk 253.67 million changing hands, followed by BRAC Bank, Linde Bangladesh, Sea Pearl Beach Resort & Spa Limited and Square Pharmaceuticals.
The Chittagong Stock Exchange (CSE) ended higher with its All Share Price Index (CASPI) gaining 40 points to settle at 16,117 and the Selective Categories Index (CSCX) gaining 25.26 points to settle at 9,714.
The port city bourse traded 2.10 million shares and mutual fund units with a turnover of Tk 84 billion.