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Dhaka stocks remained upbeat in the last trading session before the Eid-ul-Fitr holidays as buoyant investors continued pouring funds into selective scrips following the ongoing corporate declarations.
The DSEX, the broad index of the Dhaka Stock Exchange (DSE), added 5.6 points to settle at 6,229 against 6,223 in the pre-vious trading session.
Among other indices, the DS30, the blue-chip index, rose 0.78 points or 0.03 per cent to 2,202, and the DSES, the Shariah-based index, increased 0.81 points or 0.06 per cent to 1,349.
Turnover, another crucial market indicator, rose by 25.9 per cent to Tk 558 crore against Tk 443 crore in the previous ses-sion.
The market remained upbeat throughout the session, while investors remained active on both sides of the trading fence, with buyers continuing their dominance for three consecutive sessions, said EBL Securities, a stockbroker, in its daily mar-ket review.
Investors were optimistic regarding the improvement of the financial results of major sector-specific companies in the lat-est quarter, which were expected to rebound from the previous quarter’s dismal performance owing to the ease of adversi-ties on the macroeconomic front, it added.
However, a portion of investors continued partial liquidation of their holdings ahead of the upcoming Eid festival, EBL Secu-rities continued.
The food and allied sector topped the turnover chart with a contribution of 18.2 per cent of the total turnover of the DSE, followed by IT (13.9 per cent) and travel (11.9 per cent) stocks.
Most sectors displayed positive returns, with the jute posting the highest return of 2.4 per cent, followed by tannery (1.8 per cent) and paper (1.1 per cent).
On the other hand, the services sector suffered the most with a loss of 1.1 per cent, followed by IT (1.1 per cent) and travel (0.3 per cent).
Navana Pharmaceuticals Limited topped the DSE’s gainer chart with a return of 9.9 per cent, while Orion Infusion Ltd was the day’s worst sufferer with a loss of 6.8 per cent.
Out of the issues traded, 72 advanced, 44 declined and 276 remained unchanged.
The port city bourse, CSE, also settled on green terrain, with its two major indices – the selected indices (CSCX), and the all-share price index (CASPI) – rose by 6.9 points and 12.9 points respectively.
