The broad index of Dhaka bourse closed Tuesday's session moderately higher extending the gaining streak for the second consecutive session as major sectors played market supportive role.
On the day, the Dhaka Stock Exchange (DSE) also saw a marginal rise in turnover value following the investors' increased participation.
Investors' participation was concentrated mostly on the general insurance sector which grabbed 21.6 per cent of the total market turnover followed by miscellaneous 15.8 per cent, banking 11.5 per cent, pharmaceuticals & chemicals 9.1 per cent and textile 7.6 per cent.
The market opened the day's session positively and the DSE broad index DSEX exhibited a flat movement for an hour.
Later, an upward trend of the index was observed and the trend sustained till closure of the session.
Finally, the DSEX settled at 6742.63 with a rise of 1.10 per cent or 73.41 points.
The shariah based index DSES advanced 0.97 per cent or 13.83 points to close at 1431.47.
The DS30 index comprising blue chip securities went up by 0.78 per cent or 19.70 points to close at 2523.78.
"Indices of the Dhaka Stock Exchange spurred by spontaneous participation of the investors as the regulatory decision regarding easing margin loans cheered investors on the bourse," said a market review of EBL Securities.
It said investors remained focused on sector-specific issues and pursued opportunities to rebalance portfolios.
Of 378 issues traded, 286 advanced, 69 declined and 23 were unchanged on the premier bourse DSE.
"The sinking market brought down the price of many sector specific shares which attracted bargain hunters for putting stakes with a hope for some capital gains," said another market review of International Leasing Securities.
The DSE on Tuesday posted a turnover of Tk 8.72 billion which was 17.11 per cent higher than the turnover of the previous session.
Of total turnover, Tk 809 million came from transactions executed in block board.
Of the sectors which saw price appreciation, banking advanced 1.5 per cent, engineering 1.6 per cent, financial institutions 1.7 per cent, fuel & power 1.2 per cent, general insurance 0.3 per cent, pharmaceuticals & chemicals 0.1 per cent, telecommunication 0.5 per cent and textile 2.8 per cent.
Of the sectors which witnessed price correction, jute and miscellaneous declined by 0.6 per cent and 1.0 per cent respectively.
Beximco topped the scrip wise turnover chart with a value of Tk 717 million followed by Bangladesh Shipping Corporation Tk 557 million, Asian Insurance Tk 460 million, Sonali Paper & Board Mills Tk 434 million and One Bank Tk 212 million.
Alif Industries was the number one gainer with a rise of 10 per cent to close at Tk 41.80 each.
Savar Refractories was the worst loser after declining 5.20 per cent to close at Tk 193.20 each.
CASPI, the benchmark index of Chittagong Stock Exchange (CSE), on Tuesday advanced 1.12 per cent or 217.99 points to close at 19639.37.
Of 301 issues traded, 225 advanced, 60 declined and 16 were unchanged and the port-city bourse CSE posted a turnover of Tk 515.87 million.
