Turnover rises to Tk 6.32 billion

Stocks ended higher Thursday after previous session's flat movement with significant improvement in turnover as investors were much active on hunting lucrative spreads amid growing confidence.
Trading at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will remain closed on August 17 (Sunday) on the occasion of public holiday due to "Janmashtami".
The market opened with a positive note and remained strong for the rest of the session amid modest volatility. DSEX, the prime index of the DSE ended at 4,554.51 points, gaining 27.30 points or 0.60 per cent.
The other two indices closed higher. The DS30, comprising blue chips gained 12.90 points or 0.76 per cent to close at 1,705.92 points. The DSE Shariah Index went up by 9.68 points or 0.92 per cent to close at 1,060.44 points.
The total turnover on DSE improved to Tk 6.32 billion, which was 28.2 per cent higher over the previous session's value of Tk 4.93 billion.
The investors' attention was mainly focused on textile, fuel and power and pharmaceuticals sectors, accounted for 21.09 per cent, 14.99 per cent and 12.80 per cent respectively of the day's total turnover.
"The market's upward trend continued amidst investors' growing confidence. Textile sector's issues along with major large caps led the entire market forward," commented International Leasing Securities, in its regular market analysis.
Investors were interested in Zahin Textile, Paramount textile and Makson Spinning from textile sector while large cap Lafarge Surma Cement and GP enjoyed positive stance, said the International Leasing.
IDLC Investments said: "Holding its momentum, DSEX stayed above 'psychological' level of 4,500 points, last week and amplified investors' confidence".
Growing businesses amid calm political scenario continued strengthening investors' buoyancy as well as their participation in market, said merchant bank.
"Market reaffirmed a vibrant trading session and reverted with strong market breadth," LankaBangla Securities said.
Buying interest, which flickered in the last hour of previous trading session, has continued to induce positive momentum to manufacturing and power sectors, said the stock broker.
Zenith Investments said: "Market reversed its course of direction and recovers quickly with increased turnover volume, before three days of holiday".
Much of the credit goes to the textile and engineering sectors that fuelled the growth of all three indices and made the market more attractable for the investors, said the Zenith analysis.
Textile sector got investors' attention, capturing Tk 1.33 billion or 21.08 per cent of the day's total trade value. The textile sector also gained 2.48 per cent.
Sectoral performance was mixed. Among the major sectors -- telecommunication and fuel and power gained 1.31 per cent and 0.42 per cent respectively.
NBFIs and Banks -- in the financial sector went down by 0.72 per cent and 0.16 per cent respectively. Food and allied sector lost 0.60 per cent. Pharmaceuticals closed flat in red with 0.07 per cent change.
The gainers took a lead over the losers as out of 298 issues traded, 178 declined, 82 advanced and 38 remained unchanged on the DSE floor.
A total of 0.124 million trades were executed with 151.53 million securities of trading volume. The total market capitalisation on DSE stood at Tk 3,045.81 billion against Tk 3,030.63 billion in the previous session.
The port city bourse, CSE also ended higher with its Selective Categories Index - CSCX - gained 32.07 points to close at 8,596.27 points.