Key index moderately higher

The broad index of the Dhaka bourse on Monday closed moderately higher following price appreciation witnessed by most of the sectors amid the country wide lockdown enforced at a limited scale.
In the previous session, the DSEX, broad index of Dhaka Stock Exchange (DSE), posted a sharp loss ahead of the limited lockdown.
Insiders said investors' participations observed on Monday indicate that their fears regarding the lockdown have decreased a little bit.
The market opened the session positively and the benchmark index DSEX gained 64 points within one hour.
Later, the DSEX failed to continue its upward trend and exhibited a down trend during the mid session.
The premier bourse DSE finally closed the session moderately higher riding on last hour's buoyancy.
At the end of the session, the core index settled at 6026.64 points with a rise of 0.56 per cent or 33.91 points.
The shariah based index DSES advanced 0.57 per cent or 7.37 points to close at 1294.80 points.
The DS30 index comprising blue chip securities closed at 2176.64 points with a rise of 0.36 per cent or 8.0 points to close at 2176.64 points.
Of total issues traded, 231 advanced, 108 declined and 33 were unchanged.
The premier bourse DSE on Monday posted a turnover of Tk 13.28 billion which was 23.64 per cent lower than the previous session.
According to a market review of International Leasing Securities, the market's recent bearish vibe seemed to have disappeared to some extent amid investors' optimism and buying spree in major sectors.
Of the sectors which witnessed price appreciation, bank advanced 1.0 per cent, engineering 0.8 per cent, financial institutions 1.4 per cent, fuel & power 0.5 per cent, pharmaceuticals & chemicals 0.5 per cent, and telecommunication 0.1 per cent.
Of the sectors which witnessed price correction, textile and travel & leisure declined 1.4 per cent and 1.0 per cent respectively.
"Price appreciation in almost all the sectors was observed throughout the day as many investors are making fresh investment in the secondary market for taking the benefits of tax deduction at the end of the fiscal year," said the International Leasing Securities.
It said the turnover declined a little bit compared to the preceding session as many investors remained inactive fearing economic slowdown due to the upcoming strict lockdown for taming the surging corona virus infection rate.
Investors' participation was concentrated mostly on textile sector which grabbed 22.80 per cent of the market turnover followed by life insurance 13.9 per cent, bank 10.1 per cent, and engineering 8.0 per cent.
Delta Life Insurance topped the scrip wise turnover chart with a value of Tk 1.36 billion followed by Beximco Tk 486 billion, Queen South Textile Tk 418 million, Malek Spinning Mills Tk 415 million and Dutch-Bangla Bank Tk 331 million.
Sonali Paper & Board Mills was the number one gainer with a rise of 9.98 per cent or Tk 19.7 to close at Tk 217.10 each.
Safko Spinning Mills was the worst loser after declining 8.89 per cent or Tk 2.4 to close at Tk 24.60 each.
The CASPI, the benchmark index of Chittagong Stock Exchange (CSE), advanced 0.46 per cent or 79.89 points to close at 17439.76 points.
Of 311 issues traded, 169 advanced, 108 declined and 34 were unchanged and the CSE posted a turnover of Tk 385.51 million on Monday.

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