Home ›› 17 Nov 2022 ›› Stock
After three days of massive fall, stocks returned to the gaining streak on Wednesday as investors reacted positively to the securities regulator’s attempt to withdraw the floor price for block transactions.
The latest regulatory decision increased liquidation scopes for investors, particularly the large investors.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged 35.02 points or 0.56 per cent to settle at 6,253 against 6,218 points in the previous trading session.
Among other indices, the DSES, the Shariah-based index, added 9.36 points or 0.69 per cent to 1,356, and the DS30, the blue-chip index, increased 8.61 points or 0.39 per cent to close at 2,191.
Turnover, another crucial market indicator, however, hit a nearly 3-month low of Tk 468.5 crore at the country’s premier bourse on the day.
Investors opted to take fresh stands towards equities which were being traded at a lucrative price level, taking advantage of the recent fall across the bourse, said EBL Securities, a stockbroker, in its daily market review.
The IT sector topped the turnover chart with a contribution of 20.4 per cent at the DSE, followed by pharma and chemicals (19.8 per cent) and paper (8.8 per cent) sectors.
Most of the sectors displayed positive returns on the DSE trading floor. Of them, the paper sector displayed the best performance with a gain of 5.1 per cent, followed by IT (5 per cent) and services (3.2 per cent).
