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Dhaka stocks rose marginally amid extreme volatility on Wednesday, breaking a two-day decline as investors continued to track subdued sentiment seen across the world.
The benchmark DSEX gained more than 10 points or 0.16 per cent after hitting a day low of 6,515 in early trade and a day high of 6,592 in final minutes.
The index recovered from the initial losses during the late deals by the institutional investors amid a highly volatile trading session, dealers say.
The market pullers included Beacon Pharmaceuticals, Square Pharmaceuticals, Walton Hi-Tech Industries, Grameenphone, Prime Bank and Eastern Bank Limited.
The market draggers included ICB, Robi, IFIC, Beximco Pharmaceuticals and Beximco Ltd.
“Equity indices ended the day in the green zone but investors’ remained cautious due to concerns over the macroeconomic scenarios led by global price instabilities,” said EBL Securities in a note.
Investors' fears loomed amid the global economic turmoil owing to commodities market volatility and price increases for essentials, resulting in a liquidity shortage in the capital market as most investors are hesitant to participate in the market at present situation, it said.
Besides, bourses observed a decrease in participation while turnover has declined by 0.6 per cent to stand at Tk 529 crore as against Tk 532 crore in the previous session.
On the sectoral front, miscellaneous (12.0 per cent) issues exerted the highest turnover followed by pharma (10.5 per cent) and engineering (10.1 per cent ) stocks. Most of the sectors displayed dismal performance, out of which paper (-1 per cent), life insurance (-0.8 per cent) and IT (-0.8 per cent ) exerted the most corrections while pharma (0.6per cent ), Engineering (0.3 per cent ) and bank (0.3 per cent ) observed highest returns on the bourse.
Out of the 385 issues traded, 131 advanced, 184 declined, and 70 remained unchanged.
The port city bourse, CSE, also settled in green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) have declined by 10.4 points and 17.6 points respectively.
