The Dhaka stocks displayed a sharp rise in broad index on Thursday, following increased participation amid optimism.
The broad index on Dhaka Stock Exchange (DSE) crossed 5,700-point mark as major sectors including bank, engineering and financial institutions witnessed buying spree.
The market opened with a positive note and the DSE broad index, DSEX, went through ups and downs in the first two hours of trading.
Later, majority number of listed securities went green, riding on investors' optimistic participation, and the DSEX closed the session with a sharp rise.
All the sectors, except life insurance, miscellaneous and paper & printing, closed higher on the premier bourse.
Enthusiastic investors exerted buying pressure mainly on banking sector which rose 3.1 per cent and played a pivotal role behind the upward trend of the market.
At the end of the session, the DSEX closed at 5,720.59 points with a rise of 1.51 per cent or 85.54 points.
According to International Leasing Securities, the prime index posted the second highest single-day return till date in 2018 amid increased participation of the investors.
"Optimistic investors took position on the lucrative price level in different stocks, especially on bank and financial institution sectors that spurred the bourse to nudge higher," it said.
The shariah based index, DSES, rose 0.79 per cent or 10.63 points to close at 1,348.75 points, while the blue chip index DS30 closed at 2,116.09 points with a gain of 1.20 per cent or 25.11 points.
Of total 336 issues traded, 275 advanced, 43 decline and 18 were unchanged on the premier bourse.
The turnover stood at above Tk 3.38 billion, 51.11 per cent higher than the turnover of the previous session.
Of the major gaining sectors, engineering advanced 1.3 per cent, financial institutions 1.9 per cent, fuel & power 0.6 per cent, pharmaceuticals & chemicals 0.6 per cent, telecommunication 0.7 per cent and textile 1.1 per cent.
Investors' participation was mostly concentrated on banking sector which grabbed 25.1 per cent of the market turnover followed by engineering 13.3 per cent, textile 11.7 per cent and pharmaceuticals & chemicals 11.4 per cent.
Listed closed-end mutual funds dominated the top 10 gainers' list, while the large cap companies were majority in the list of top turnover chart.
BRAC Bank topped the scrip-wise turnover chart with a value of Tk 190 million, followed by IFAD Autos Tk 159 million, Queen South Textile Mills Tk 149 million, Monno Ceramic Industries Tk 116 million and Mercantile Bank Tk 105 million.
Bangladesh General Insurance Company was the number one gainer with a rise of 10 per cent to close at Tk 21.10 each, while Reliance Insurance was the worst loser after declining 5.23 per cent to close at Tk 49.80 each.
On the Chittagong Stock Exchange (CSE), all indices posted moderate rise on Thursday.
At the end of the session, the benchmark index CASPI closed at 17,691 points with a rise 268 points.
Of 213 issues traded, 162 advanced, 36 declined and 15 were unchanged and the turnover stood at above Tk 204.20 million on the port city bourse.
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