DSE turnover hits 7-month high

Turnover value on the Dhaka Stock Exchange (DSE) hit a fresh seven months high Tuesday, powered by investors' buying spree mostly on large-cap stocks.

Daily turnover value soared to Tk 7.95 billion, registering an increase of 12.4 per cent over the previous session's value of Tk 7.07 billion. It was the highest turnover since Tk 8.04 billion on February 3, this year.

The investors' participation mostly concentrated on fuel & power, pharmaceuticals and engineering - the sectors that accounted for 16.26 per cent, 15.41 per cent and 12.23 per cent respectively in the day's total trade.

However, the ever highest turnover on the DSE was recorded Tk 32.49 billion on December 5, 2010.

Along with increasing turnover, the prime index of the DSE - DSEX also went up by 26.30 points or 0.57 per cent to close at 4,590.65 points. It is the four months highest level of DSEX since April 28, 2014.

The gainers beat the losers 195 to 80. Twenty-three issues, however, remained unchanged on the premier bourse.