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Stocks on the Dhaka Stock Exchange (DSE) closed higher on Thursday as investors seized the opportunity to buy large-cap shares following consecutive corrections.
DSEX, the key index of the DSE, gained 92.95 points, to end the day at 5,699.92.
The downbeat capital market logged some recovery as bargain hunters chose to take positions in particular large-cap scrips following consecutive corrections, although overall market sentiment remains subdued, EBL Securities said.
The blue-chip index DS30, a group of 30 prominent companies, rose by 42.96 points to reach 2,090.59. At the same time, the DSES Index, which includes Shariah-compliant companies, saw an increase of 17.66 points, closing at 1,219.
The indices remained upbeat for most of the session, mainly riding on investors’ buying interest in the giant Bank sector stocks owing to some reinstated optimism surrounding recent reforms in the industry, EBL Securities added.
Turnover, a crucial indicator of the market, stood at Tk 7.79 billion, up 31 per cent from the previous trading day.
However, the majority of stocks experienced declines, with 151 of the 394 issues traded closing higher, 210 ending lower, and 33 remaining unchanged on the DSE trading floor.
Grameenphone Ltd emerged as the most-traded stock with shares worth Tk 846.62 million changing hands, followed by BRAC Bank, Olympic Industries, JMI Hospital Requisite and Robi Axiata.
The Chittagong Stock Exchange (CSE) also closed the day on a positive note, with its All Share Price Index (CASPI) gaining 176 points to settle at 16378 and the Selective Categories Index (CSCX) gaining 110.7 points to settle at 9865.
The port city bourse traded 5.4 million shares and mutual fund units with a turnover volume of Tk 132.2 million.
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