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The Dhaka Stock Exchange (DSE) was back on track as bulls re-appeared to take control of the market after weeks of bearish sentiment.
On Tuesday, the benchmark DSEX index gained almost 80 points, surpassing the 6,700 psychological barrier comfortably, recovering the losses incurred in the previous two sessions. It rose 1.19 per cent to settle at 6,771. Recoup
After a firm opening, the benchmark index remained in the positive terrain throughout the trading session.
All the sectors turned green driven by pharmaceuticals, financial institutions, telecommunications, cement and ceramics. Two other junior indices—the Shariah-based DSES moved up 19 points or 1.32 per cent to 1,460. The blue-chip DS30 index added 34 points or 1.42 per cent to 2,471.
“Equity indices ended the day in the green reversing from the last two day’s downtrend as investors gained hope after BMBA proposed setting up a fund for strengthening the market,” said the EBL Securities in a note.
Participation on the bourse ascended significantly as investors engaged in buying spree taking advantage of the previous two days’ lows, it said.
Hence, trading activities increased while participation on the bourse was agile as most investors favoured to take a position in selective issues, as a result, bourses observed increased participation.
The volume of trade by value increased more than 50 per cent to over Tk 957 crore from the previous day’s Tk 634 crore.
The majority of scripts closed in the green as out of shares of 377 companies traded, 257 registered an increase, 73 recorded a fall, and 47 remained unchanged.
Share prices of all companies under four sectors—jute, cement, services and real estate and paper and printing— gained the most.
Beximco was the most traded stock, followed by Aamra Technologies, VFS Thread Dyeing, Sonali Paper and Board Mills, Orion Pharma and BDCOM online.
The port city bourse, CSE, also settled in green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) have advanced by 119.1 points and 197.5 points respectively.
