Turnover rises 15.54 per cent

Stocks ended higher for the third consecutive session Monday with improving turnover as investors took position on financial stocks, especially banking stocks amid optimism.
The market started with upward trend and it continued till the market closure. At the end of the session, the prime index of the Dhaka Stock Exchange - DSEX-ended at 4,648.75 points, gaining 32.31 points or 0.69 per cent.
The DS30, comprising blue chips gained 1.52 points or 0.08 per cent to close at 1,700.08 points. However, the DSE Index (DSES) went down by 3.32 points or 0.32 per cent to close at 1,030.99 points.
Turnover is recovering steadily at DSE. The total market turnover stood at Tk 4.61 billion which was 15.54 per cent higher from previous day's value of Tk 3.99 billion.
"Financial sector, especially banks came in frontline with 3.62 per cent gain. Lucrative valuation level and quarterly earnings expectation knocked investors' sentiment very strongly," commented IDLC Investments in its  daily market analysis.
"As a result, all the banks except three gained, amid which five emerged at top ten gainers list".