Stock mkt sees robust rise

Dhaka bourse on Sunday witnessed a robust rise in broad index extending gaining streak for the second consecutive session riding on investors' increased participation in transactions.
On the day, most of the listed securities saw price appreciation and some major sectors including financial institutions played a major role behind the day's upward trend.
On the day, DSEX, broad index of Dhaka Stock Exchange (DSE), jumped 2.10 per cent or 131.35 points.
The DSEX advanced 50.33 points in previous session. And the broad index added 181.68 points in last two sessions after losing 510 points in previous 11 sessions.
The market insiders said some market supportive measures played a role behind investors' increased participation on Sunday.
Of the measures, the central bank disbursed Tk 2.05 billion on Thursday into the account of the capital market stabilisation fund whose tenure has been extended to enhance liquidity support in the market.
Insiders said 2.0 per cent circuit breaker set at lower end is also a reason behind the price appreciation witnessed by majority number of listed securities.
After mid-session, the DSEX lost some points but soon later it bounced back and continued a steady upward trend till closure.
At the end of the session, the key index settled at 6369.33 points with a rise of 2.10 per cent or 131.35.
The shariah based index DSES advanced 1.89 per cent or 26.03 points to close at 1399.74.
DS30 index comprising blue chip securities closed at 2346.94 with a rise of 1.71 per cent or 39.55 points.
EBL Securities said the market rose for a second consecutive day, propelled by across-the-board buying after the market regulator come up with policy support to end a prolonged bearish market.
"Investor confidence seemed to restore and previously introduced policies such as increased margin credit facility and extension of capital-market refinancing fund also contributed to the market rise," according to a market review of EBL Securities.
Of 377 issues traded on Sunday, 342 advanced, 25 declined and 10 were unchanged on the premier bourse DSE.
The DSE posted a turnover of Tk 8.33 billion which was 54.62 per cent higher than the turnover of the previous session.
Of total turnover, Tk 402 million came from transactions executed in the block board.
Investors' participation was concentrated mostly on financial institutes sector which grabbed 18.5 of the market turnover followed by miscellaneous 12.90 per cent, pharmaceuticals & chemicals 11.5 per cent, textile 8.9 per cent and food & allied 8.1 per cent.
Beximco topped the scrip wise turnover chart with a value of Tk 578 million followed by IPDC Finance Tk 430 million, BD Finance Tk 328 million, GSP Finance Tk 308 million and Rangpur Dairy & Food Products Tk 300 million.
IPDC Finance was the number one gainer with a rise of 4.80 per cent to close at Tk 52.90 each.
Prime Insurance Company was the worst loser after declining 1.96 or Tk 1.50 tyo close at Tk 75.20 each.
CASPI, broad index of Chittagong Stock Exchange (CSE), advanced 2.0 per cent or 367.03 points to close at 18647.80 points on Sunday.

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