Home ›› 16 Dec 2021 ›› Stock
Dhaka stocks rebounded after the choppy and lackluster trade on Wednesday, breaking the three-day decline in a row.
The market was in positive territory briefly in the morning but remained in red throughout the session before recovering well on last-minute institutional buying, dealers say.
The benchmark DSEX index rose 30 points, or 0.44 per cent, to settle at 6,868, hitting a high of 6,876 and a high of 6,824.
The Shariah-based index DSES was up 5 points or 0.38 per cent to 1,462 and the blue-chip DS30 index gained 18 points or 0.70 per cent to 2,586.
The market gained on hopes that the Omicron variant of coronavirus would likely cause only mild illness and prove less damaging to the economy, said a stockbroker.
In addition, some investors availed of lowering stock prices that declined in the last three consecutive sessions.
The DSE turnover stood at Tk 8,07 crore, significantly down from the previous session’s Tk 1,080 crore.
The low cap companies continued to rally after the securities regulators move on raising their paid-up capital upto Tk 30 crore.
On Saturday, Bangladesh Securities and Exchange Commission instructed 64 companies to raise their paid-up capital to Tk 30 crore within June next year—a move seen by analysts as a boon for junk companies and bane for good companies.
Among the top ten gainers, seven came from the law cap companies, including AMCL ( Pran), Libra Infusion, Renwick Jasneswar, Rahima Food, NTC and Eastern Lubricants.
Large-cap sectors posted mixed performance today. Food and allied booked the highest gain of 1.35 per cent followed by pharmaceutical 0.67 per cent.
NBFI experienced the highest loss of 0.31 per cent followed by telecommunication 0.09 per cent, and bank 0.05 per cent.
Khan Brothers PP Woven Bag Industries Limited was the top gainer hitting almost the upper limit circuit at 9.5 per cent.
The worst losers included Kattali Textile, Fareast Life Insurance, ISN Limited, Aziz Pipes, Usmania Glass Sheet Factory, Meghna Condensed Milk, Rahim Textile and Aramit Cement.
The most traded stocks included Beximco Ltd, Fortune Shoes, One Bank, Genex Infosys, Sonali Paper, Active Fine Chemicals, GSP Finance and Delta Life Insurance.
