The Dhaka bourse Thursday closed the session posting a moderate rise in the broad index and turnover, amid mixed performance displayed by major sectors.
On the day, most of the major sectors declined but the turnover crossed Tk 8.0 billion-mark after two sessions on Dhaka Stock Exchange (DSE), mainly because of investors' increased participation in the banking sector.
According to a market review of International Leasing Securities, positive momentum in some big-cap stocks, especially from bank, food and engineering sectors, helped the bourse to close in green.
The market started the session with a positive note and the DSE broad index DSEX witnessed little ups and downs before closing higher.
According to AT Capital Partners, the market remained sideways till the midsession. The DSEX rose again in the second half of the session and closed at 6,193.6, up by 34.5 points.
The shariah based index DSES and blue chip index DS30 also rose marginally. The turnover stood at above Tk 8.70 billion, which was 13.70 per cent higher than the turnover of the previous session.
"The confident drive was initiated by the investors' buying spree riding on the news of doubling net foreign investment in stocks year-on-year in the first ten months of 2017," said the International Leasing Securities.Among the gaining sectors, bank advanced 0.8 per cent and engineering 0.3 per cent. Of the losing sectors, pharmaceuticals & chemicals declined 1.1 per cent, telecommunication 0.5 per cent and textiles 0.9 per cent.
The banking sector grabbed 38.4 per cent of the market turnover at the premier bourse DSE.City Bank topped the turnover chart with a value of Tk 553 million, followed by Dhaka Bank, LankaBangla Finance, BRAC Bank and Keya Cosmetics.Reckitt Benckiser (Bd.) limited topped the gainers chart with a rise of 6.24 per cent to close at Tk 1845.6, while Quasem Drycells was the worst loser after declining 12.35 per cent to close at Tk 82.30.
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