Stocks returned to the green on Monday, after a steep-correction in the previous day, supported by large-cap issues.
Brokers said the market rebounded on the day of monetary policy announcement as some investors took position on Grameenphone and Square Pharmaceuticals.
“The index recovered as largest market cap Grameenphone (GP) and second largest market cap Square Pharmaceuticals rebounded,” said an analyst.
GP, the largest market cap listed company, gained 0.98 per cent to close at Tk 510.30. Square Pharma also advanced 1.75 per cent to close at Tk 330.
The market was in a negative territory for the first hour of trading, but rest of the session went up steadily, finally DSEX ended more than 31 points higher.
DSEX, benchmark index of Dhaka Stock Exchange (DSE), settled at 6,176, advancing 31.72 points or 0.51 per cent over the previous session.
Two other indices of the premier bourse also ended higher. The DS30 index, comprising blue chips, advanced 12.82 points or 0.56 per cent to finish at 2,294 and DSES (Shariah) gained 11.90 points or 0.84 per cent to 1,425.
Bullish sentiment also reflected on the trading activities as total turnover on the DSE amounting to Tk 4.13 billion, which was 15 per cent higher than the previous day’s Tk 3.59 billion.
The gainers took a modest lead over the losers as out of 334 issues traded, 170 closed higher, 114 closed lower and 50 remained unchanged on the DSE trading floor.
Square Pharma continued to top the DSE turnover chart with shares worth Tk 209 million changing hands, closely followed by National Bank, Grameephone, Nahee Aluminum and Paramount Textile.
Port city bourse CSE also returned to higher with its CSE All Share Price Index – CAPSI- advancing 76 points to settle at 19,044 and selective Categories Index - CSCX – gaining 45 points to finish at 11,501.
Here too, the gainers beat the losers as 109 issues closed higher, 85 lower and 29 remained unchanged on the CSE.
The port city bourse traded 7.43 million shares and mutual fund units worth more than Tk 215 million in turnover.
