Investors take position on lucrative price levels on Dhaka bourse

FE Report | Published: September 29, 2017 00:31:07 | Updated: October 24, 2017 22:34:05



The Dhaka bourse Thursday returned to green amid choppy trading after losing 157 points in its benchmark index in the last six consecutive sessions.
According to International Leasing Securities, the market started the session in positive and closed in the same direction as investors took fresh position on the lucrative price levels, especially in banking sector stocks.
At the end of the session, the DSEX rose 0.22 per cent or 13.51 points and closed at 6,092.84 points.
The shariah-based index DSES declined 0.32 per cent or 4.40 points to close at 1,345.86 points, while the DS30 index, comprising blue chip stocks, lost 0.02 per cent or 0.43 point to close at 2,177.61 points.
"The market observed some selling spree in engineering, fuel & power, pharmaceuticals and telecom sectors in middle of the session," said the International Leasing Securities.
According to market review of a stock broker, investors' optimistic view towards the market helped the broad index break the continuous losing streak of previous sessions.
Of 331 issues traded, 131 advanced, 160 declined and 40 were unchanged and the turnover stood at above Tk 6.24 billion on the premier bourse DSE.
Among the major sectors based on market capitalisation, bank advanced 1.7 per cent followed by financial institutions 0.4 per cent and general insurance 0.1 per cent.
Among the declining sectors, engineering declined 0.7 per cent, fuel & power 0.5 per cent, pharmaceuticals & chemicals 0.4 per cent, telecommunication 0.3 per cent and textile 0.1 per cent.
Investors' participation was concentrated mostly banks which grabbed 47.20 per cent of the market turnover followed by engineering 8.1 per cent, pharmaceuticals & chemicals 7.7 per cent, fuel & power 6.9 per cent and textile 6.1 per cent.
Shahjalal Islami Bank topped the turnover chart with a value of Tk 369 million followed by Uttara Bank Tk 303 million, Jamuna Bank Tk 242 million, National Bank Tk 209 million and Premier Bank Tk 190 million.

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