Stocks rebounded on Tuesday, snapping a four-day losing streak, as investors showed their buying appetite on banking stocks.
Market insiders said the investors took position on banking stocks as prices of many issues came down to lucrative level.
However, the low-cap stocks still dominate the top gainers' chart of the premier bourse although the securities regulator took tough measures against some of the companies.
The market opened on positive note and the upward trend continued till end of the session with modest volatility in the mid-session.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,472, advancing 28.79 points or 0.52 per cent after losing 100 points in the four trading days.
"This upward shift in the index is mainly driven by significant positive changes in the large-cap sectors like banking and insurance," commented LankaBangla Securities.
The life insurance sector gained 6.60 per cent and the heavyweight banking sector advanced 0.80 per cent.
Two other indices also finished higher. The DS30 index, comprising blue chips, advanced 2.67 points to end at 1,905 and the DSE Shariah Index gained 1.70 points to close at 1,262.
Turnover, the most important indicator of the market, also rose to Tk 7.31 billion, which was 5.0 per cent higher than the previous session's Tk 6.96 billion.
According to International Leasing Securities, the opportunist investors showed their buying interest from the opening of the session on insurance, textile, banking and power sectors, taking the market to close higher.
Among the major sectors, banking posted the highest gain of 0.80 per cent, followed by power with 0.17 per cent, NBFIs 0.15 per cent and pharmaceuticals 0.11 per cent.
Telecommunication witnessed the highest loss of 1.28 per cent, followed by food 1.24 per cent and engineering 0.80 per cent.
Of the 335 issues traded, 166 closed higher, 128 lower and 41 issues remained unchanged on the DSE trading floor.
A total number of 142,247 trades were executed in the day's trading session with trading volume of 179.57 million securities.
The market capitalisation of the DSE stood at Tk 3,907 billion on the day which was Tk 3,906 billion in the previous session.
Khulna Power Company topped the turnover chart for the third day in a row with 6.07 million shares worth Tk 782 million changing hands.
The other turnover leaders were Active Fine Chemicals, IFAD Autos, Shasha Denims and BBS Cables.
Familytex BD was the best performer, posting a gain of 10 per cent while CAPM IBBL Islamic Mutual Fund was the worst loser, losing 8.08 per cent.
The Chittagong Stock Exchange (CSE) also finished higher with its CSE All Share Price Index - CASPI - advancing 71 points to settle at 16,831 and the Selective Categories Index - CSCX -gaining 39 points to finish at 10,197.
The gainers beat losers as 121 issues closed higher, 110 ended lower and 20 issues remained unchanged on the CSE.
The port city's bourse traded 9.63 million shares and mutual fund units worth Tk 278 million.
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