Stocks returned to higher Monday, after a sharp correction in the previous day, supported by large-cap issues.
Brokers said the market rebounded as investors are taking position in fundamentally strong large-cap stocks like Grameenphone (GP) and Square Pharmaceuticals.
"The index recovered as the largest market-cap company, Grameenphone (GP) and second largest market-cap issue, Square Pharmaceuticals rebounded," said an analyst, at a leading brokerage firm.
GP, the lone listed mobile phone company's share price surged 0.98 per cent to close at Tk 510.30. Square Pharma also jumped 1.75 per cent to close at Tk 330, after previous day's sharp correction.
Meanwhile, Bangladesh Bank (BB) announced its new monetary policy Monday for January-June period with a target to tighten the money supply and curb excessive lending.
The analyst noted that mixed earning disclosures of some listed companies coupled with investors' tension over the monetary policy statement (MPS) eased somewhat to help the market return to higher.
The market was in a negative territory for the first hour of trading, but rest of the session went up steadily.
Finally DSEX ended more than 31 points higher.
DSEX, benchmark index of Dhaka Stock Exchange (DSE), settled at 6,176, advancing 31.72 points or 0.51 per cent over the previous session.
"The market participants were keeping a wary eye on MPS, but investors heaved a sigh of relief as the MPS for second half of FY 2017-18 dispelled the fears of fund squeeze," commented EBL Securities, a stockbroker, in an analysis.
The stockbroker noted that the market remained cheerful as increased participation from investors continued to keep the market vibrant.
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