The key index of the Dhaka Stock Exchange (DSE), DSEX, resumed its modest recovery mode on Wednesday following a single-day break as bargain hunters favoured taking positions in the potentially lucrative scrips with expectations of short-term gains.
DSEX gained 70 points, or 0.91 per cent, and reached 5,756, while the market turnover increased by Tk 148 crore and ended at Tk 898 crore.
The blue-chip index, DS30, and the Shariah-based index, DSES, closed at 2,117.93 and 1,234.37 points, respectively. All the large-cap sectors posted positive performance on the day.
Volume increased by 30 per cent and turnover increased by 20 per cent. Seventeen out of 19 sectors were the gainers and two were on the losing side.
Of the 398 scrips traded, 271 advanced, 79 declined and 48 remained unchanged at DSE.
BRACBANK topped the turnover chart. KBPPWBIL was the top gainer while MARICO was the top loser. Four stocks were traded at the floor price.
In the block market, shares of Tk 144.6 crore were transacted, representing a turnover of 16 per cent.The SME index, DSMEX, increased by 52.48 points and the market generated a Tk 4.5 crore turnover, a 76 per cent decrease from the previous session.
According to the Royal Capital Financial Portal, SQURPHARMA and EBL contributed the most to the gains and losses of the DSEX on the day, and the bull took over the market control at 10:30am and onwards.
The indices remained upbeat throughout the session, while the market recovery was aided by price appreciation in the majority of stocks, EBL Securities said in its daily market review.
The Chittagong Stock Exchange (CSE) also rebounded on Wednesday with the CSE All Share Price Index, CASPI, gaining 133.71 points to settle at 16,402.52 and the Selective Categories Index, CSCX, rising 83 points to close at 9,883.08.
Of the issues traded, 81 declined, 117 advanced and 22 issues remained unchanged at CSE. The port city bourse traded 3.268 million shares and mutual fund units with a turnover value of Tk 8.22 crore.
Meanwhile, Meghna Life Insurance Co Ltd, a corporate director of the Karnaphuli Insurance Company, has expressed its intention to buy 2,97,000 shares of the company at the prevailing market price through the Dhaka bourse within the next 30 working days.
Besides, TahrinAman, a director of the Desh General Insurance Company, has expressed his intention to receive 1,60,000 shares of the company from his mother, TazneenAman, by way of gift, outside the trading system of the exchange within the next 30 working days with effect from August 20, 2024.
