The Dhaka bourse closed higher on Wednesday following last-hour buoyancy observed on some large cap sectors.
On the day, the losers were majority but the broad index crossed 5,800-point mark and settled in green as the banks went green on Dhaka Stock Exchange (DSE).
Following investors' increased participation, the banking sector advanced 2.9 per cent and grabbed 28 per cent of the turnover featured by the DSE.
Among other major sectors, pharmaceuticals & chemicals and engineering displayed corrections.
The market opened positively, but later the DSE broad index DSEX displayed a down trend.
After one hour of the session, the DSEX continued an upward trend and finally closed the session with a moderate rise in broad index riding on investors' increased participation.
At the end of the session, the DSE broad index DSEX closed at 5,822.99 points with a rise of 0.77 per cent or 45.04 points.
The shariah based index DSES advanced 0.15 per cent or 2.10 points to close at 1,357.89 points, while the blue chip index DS30 closed at 2,190.77 points with a rise of 0.67 per cent or 14.62 points.
According to a market review of EBL Securities, the Dhaka bourse observed a winning session and edged higher amid optimistic behaviour from the investors.
"Investors remained positive and engaged in taking fresh position on the large cap securities," said the EBL Securities.
Of total issues traded, 129 advanced, 166 declined and 44 were unchanged on the premier bourse.
The turnover stood at above Tk 5.61 billion which was 10.57 per cent higher than the turnover of the previous session.
According to another market review of International Leasing Securities, the premier bourse observed a stunning session amid enthusiastic participation of the investors.
"The investors were active from the beginning of the session and revealed their buying appetite throughout the session, though in the first half an hour some investors opted for profit booking," it said.
It said investors took position on the lucrative price level in different stocks, especially on banking sector stocks that spurred the bourse to nudge higher.
Of the major sectors, fuel & power advanced 0.7 per cent, telecommunication 0.6 per cent and textile 0.1 per cent.
Of the losing sectors, engineering declined 0.4 per cent, financial institutions 0.8 per cent, pharmaceuticals & chemicals 0.4 per cent and service & real estate 0.8 per cent.
Along with banking sector, investors' participation was also concentrated on miscellaneous sector which grabbed 11 per cent of the market turnover, followed by pharmaceuticals & chemicals 9.6 per cent, textile 8.6 per cent, and engineering 8.0 per cent.
Beximco topped the turnover chart with a value of Tk 412 million followed by Al-Arafa Islami Bank, Brac Bank, United Power Generation and Distribution Company, and Usmania Grass Sheet Factory.
Meghna Pet Industries, a 'Z' category company, was the number one gainer with a rise of 9.61 per cent to close at Tk 24.70 per share.
On the other hand, Fareast Finance & Investment was the worst loser after declining 6.82 per cent to close at Tk 8.10 per share.
Indices of Chittagong Stock Exchange (CSE) closed higher on Wednesday. The benchmark index CASPI closed at 17,966 points with a rise of 117 points.
Of 242 issues traded, 93 advanced, 125 declined and 24 were unchanged, and the turnover stood at above Tk 662 million on the port city bourse.
© 2025 - All Rights with The Financial Express
