The Dhaka bourse closed marginally higher on Thursday amid mixed performance displayed by major sectors.
The market opened positively and later the DSEX, broad index of Dhaka Stock Exchange (DSE), went through ups and downs.
Of the major sectors, bank, fuel & power and telecommunication played a market supportive role. As a result, the DSEX settled in green zone amid volatility observed throughout the whole session.
At the end of the session, the DSEX closed at 5,843.46 points with a rise of 0.35 per cent or 20.47 points.
The shariah based index DSES advanced 0.56 per cent or 7.69 points to close at 1,365.59 points, while the blue chip index DS30 closed at 2,204.17 points with a rise of 0.61 per cent or 13.39 points.
According to International Leasing Securities, the market opened with positive note and ended in the same direction as the opportunist investors revealed their buying interest on large cap stocks, especially from food, telecom, bank and pharmaceutical sectors.
"On the other hand, some investors opted for liquidating their position from mutual fund, textile and engineering sectors," said the International Leasing Securities.
Of total issues traded, 110 advanced, 181 declined and 45 were unchanged on the premier bourse.
The turnover stood at above Tk 5.77 billion which 2.85 per cent higher than the turnover of the previous session.
Of the sectors those advanced, bank rose 0.6 per cent, fuel & power 0.1 per cent and telecommunication 1.2 per cent.
According to another market review of EBL Securities, the premier bourse closed positive riding on some positive news like possible cut in corporate tax in the next budget.
"Earnings declarations from several companies satisfied investors' expectations and hence investors kept buying fresh stocks to rebalance their portfolios," said the EBL Securities, adding that investors took position on stocks especially from telecommunication, banking and food & allied sectors.
Investors' participation was concentrated mostly on banking sector which grabbed 23.4 per cent of the market turnover.
Beximco topped the scrip-wise turnover chart with a value of Tk 688 million.
On Chittagong Stock Exchange (CSE), the benchmark index CASPI closed at 18,009 points with a rise of 42 points.
Of 228 issues traded, 74 advanced, 120 declined and 34 were unchanged, and the turnover stood at above Tk 426 million on the port city bourse.
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