Stocks ended higher Tuesday, after remaining flat in the past four sessions, as investors showed their buying spree amid post-Eid optimism.
Market analysts said investors were mostly on buying shares on banking and telecommunication sectors.
The market opened on optimistic note and the upward trend sustained until end of the session with no sign of reversal.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 5300-mark after six sessions and settled at 5328, soaring 75.21 points or 1.43 per cent over the previous day.
Two other indices also ended higher. The DS30 index, comprising blue chips, rose 33.06 points to finish at 1,861 and the DSE Shariah Index advanced 18.75 points to close at 1,207.
Turnover, another important indicator of the market, stood at Tk 4.03 billion, which was nearly 15 per cent higher than the previous day’s turnover of Tk 3.51 billion.
The gainers took a strong lead over the losers as out of 349 issues traded, 225 advanced, 70 declined and 54 issues remained unchanged on the DSE trading floor.
Square Pharmaceuticals topped the turnover chart for the second straight session with shares worth Tk 124 million changing hands.
The other turnover leaders were United Power, BRAC Bank, Premier Bank and BATBC.
Newly listed New Line Clothings was the day’s best performer, posting a gain of 16.66 per cent while Sonar Bangla Insurance was the worst loser, losing 10.40 per cent.
The port city bourse, Chittagong Stock Exchange, also ended higher with its CSE All Share Price Index – CASPI –jumping 243 points to settle at 16,260 and the Selective Categories Index - CSCX –gaining 150 points to finish at 9,845.
Here too, the gainers beat losers, as 158 closed higher, 47 ended lower and 40 remained unchanged on the CSE trading floor.
The port city bourse traded 7.52 million shares and mutual fund units worth Tk 411 million in turnover.
