The insurance companies dominated the gainer's chart on the Dhaka Stock Exchange (DSE) Wednesday as nine out of 10 gainers were from insurance sector.
Rupali Life Insurance dominated the gainer's chart, posting a 9.95 per cent rise, followed by Sunlife Insurance with 9.89 per cent, Eastern Insurance 9.85 per cent, Prime Life Insurance 9.40 per cent, Eastland Insurance 9.22 per cent.
Sonar Bangla Insurance, Sandhani Life Insurance, Meghna Life and Far East Islami Life Insurance also gained 8.69 per cent, 8.48 per cent, 8.05 per cent and 7.48 per cent respectively.
Six insurers also featured in the top ten turnover chart while ten most-traded firms captured one-fifth transaction of the prime bourse.
Market analysts said most insurance stocks surged as investors are increasingly shifting their focus to the insurance sector after unveiling the proposed budget for the fiscal year (FY) 2019-20 on Thursday last.
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