The Dhaka bourse Thursday broke the losing streak after seven consecutive sessions riding on last hour bouncy observed in banking sectors.
On the day, the broad index of the Dhaka Stock Exchange (DSE) DSEX witnessed see-saw movement for first three hours of the session following the price fall observed by most of the major sectors.
Later, investors' participation was visible on stocks of banks and financial institutions and the DSEX managed to close higher.
The turnover, however, featured by the premier bourse was not up to the mark.
At the end of the session, the DSEX closed at 6092.84 points with a rise of 0.22 per cent or 13.51 points.
The shariah based index DSES declined 0.32 per cent or 4.40 points to close at 1345.86 points, while the DS30 index comprising blue chip stocks lost 0.02 per cent or 0.43 point to close at 2177.61 points.
According to EBL Securities, the premier bourse returned to its winning streak amid optimism after facing price correction in the previous sessions.
"During last hour, the DSE observed upward movement as investors' optimistic view towards the market drove the index into green zone," said the EBL Securities, adding that investors spurred buying pressure on sector specific stocks, especially from bank, financial institutions and cement sectors.
Of 331 issues traded, 131 advanced, 160 declined and 40 were unchanged on the premier bourse DSE.
The banks displayed their dominance in the chart of scrip-wise top turnover leaders.
The turnover stood at above Tk 6.24 billion which was 19.41 per cent less than the turnover of the previous session.
Among the gaining sectors, bank advanced 1.7 per cent, financial institutions 0.4 per cent and general insurance 0.1 per cent.
Among the declining sectors, engineering declined 0.7 per cent, fuel & power 0.5 per cent, pharmaceuticals & chemicals 0.4 per cent, telecommunication 0.3 per cent and textile 0.1 per cent.
Investors' participation was concentrated mostly banks which grabbed 47.20 per cent of the market turnover.
Among others, engineering grabbed 8.1 per cent of the market turnover followed by pharmaceuticals & chemicals 7.7 per cent, fuel & power 6.9 per cent and textile 6.1 per cent.
Shahjalal Islami Bank topped the turnover chart with a value of Tk 369 million followed by Uttara Bank Tk 303 million, Jamuna Bank Tk 242 million, National Bank Tk 209 million and Premier Bank Tk 190 million.
Dutch-Bangla Bank was the number one gainer with a rise of 6.86 per cent to close at Tk 154.2, while Summit Power was the worst loser after declining 8.15 per cent to close at Tk 39.40.
After day long volatility, the Chittagong Stock Exchange (CSE) closed marginally higher but the turnover witnessed a moderate loss compared to previous session.
The broad index CASPI closed at 18881 points with a gain of 22 points.
Of 241 issues traded, 83 advanced, 135 declined and 23 were unchanged and the turnover stood at above Tk 2.92 billion on the port city bourse CSE.
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