The broad index of Dhaka bourse on Monday closed marginally higher breaking the losing streak of previous three consecutive sessions mainly riding on some major sectors.
On the day, the turnover value on Dhaka Stock Exchange (DSE) declined marginally as many investors adopted wait-and-see stance to observe the market's trend.
The premier bourse opened the day's session positively and the DSE broad index DSEX continued an upward trend for half an hour.
Later, the core index lost some points and exhibited almost a flat movement till closure.
At the end of the session, the DSEX settled at 6669.21 with a rise of 0.59 per cent or 39.34 points.
The shariah based index DSES advanced 0.62 per cent or 8.76 points to close at 1417.63.
The DS30 index comprising blue chip securities closed at 2504.08 with a rise of 0.64 per cent or 16.03 points.
Of 378 issues traded, 196 advanced, 142 declined and 40 were unchanged on the premier bourse.
The DSE on Monday posted a turnover of Tk 7.45 billion which was 15.86 per cent less than the turnover of the previous session.
Of total turnover, Tk 703 million came from transactions executed in block board.
According to a market review of International Leasing Securities, the DSE closed higher after three days of major sell-off by the investors as the securities regulator eased the margin loan rules in case of changing the companies' category.
On Monday, the Bangladesh Securities and Exchange Commission (BSEC) reduced the prohibition period of disbursing margin loans in case of upgrading 'Z' category companies.
Presently, investors will be allowed to avail credit facilities after seven days of upgradation of a 'Z' category company. The previous prohibition period was set for 30 sessions.
"Amidst the recent volatility, the BSEC's move to relax the rules on margin loans helped the market to close positively," said the market review.
Of the sectors which saw price appreciation, bank advanced 0.3 per cent, financial institutions 0.6 per cent, fuel & power 0.5 per cent, pharmaceuticals & chemicals 1.2 per cent, telecommunication 0.2 per cent and textile 1.0 per cent.
Of the sectors which witnessed price correction, engineering declined 0.1 per cent, general insurance 0.8 per cent, life insurance 0.4 per cent, and mutual fund 0.3 per cent.
Investors' participation was concentrated mostly on miscellaneous sector which grabbed 19.1 per cent of the market turnover followed by general insurance 16.6 per cent, pharmaceuticals & chemicals 13.1 per cent, and banking 10.8 per cent.
CASPI, the benchmark index of Chittagong Stock Exchange (CSE), advanced 0.79 per cent or 153.13 points to close at 19421.37.
Of 299 issues traded, 156 advanced, 105 declined and 38 were unchanged and the port-city bourse CSE posted a turnover of Tk 437.16 million on Monday.
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