The key index of the Dhaka Stock Exchange (DSE), the DSEX, on Thursday, extended its gaining streak for three consecutive sessions since buoyant investors continued to take positions in lucrative sector-specific issues.
Market turnover crossed the Tk 700 crore mark after one and a half months, rising by 16.6 per cent to Tk 705 crore compared to the Tk 610 crore recorded in the previous trading session.
The DSEX saw an increase of 52.69 points, or 0.99 per cent, closing at 5,355.41. The blue-chip DS30 index finished at 1,922.57, while the Shariah-based DSES index ended at 1,183.52.
Over the past week's trading, the DSEX gained a total of 111.28 points, closing at 5,355.41. The DS30 rose by 47.09 points to 1,922.57, and the DSES added 37.46 points, reaching 1,183.52.
All the large-cap sectors posted positive performances on Thursday's bourse as Engineering booked the highest gain of 4.32 per cent while the block trades contributed 15.2 per cent of the overall market turnover.
Pubali Bank was the most traded share, with a turnover of Tk 37 crore. Unilever Consumer Care, Capitec Growth Fund, BAT Bangladesh and Renata closely followed it.
The market performed five sessions this week. Starting on a positive note of 0.06 per cent on Sunday, which turned negative by 0.51 per cent the next day. However, it again landed on the positive by 0.41 per cent on Tuesday. It remained positive throughout Wednesday by 1.16 per cent and on Thursday by 0.99 per cent.
The prime bourse ended the week on a positive note, with the benchmark index extending its gaining streak for three consecutive sessions since buoyant investors continued to take positions in lucrative sector-specific issues, enticed by recent vibrancy across the trading floor riding on increased investor participation, said EBL Securities, a stockbroker, in its daily market review.
The review added that the indices remained upbeat throughout the session, while the market recovery has been aided by continuous price appreciation in most stocks following the prolonged bearish sentiment in the market.
Moreover, investors seeking tax benefits opted to grab the last-moment opportunity of availing tax rebates from secondary market investments, contributing to the recent increase in market participation.
Of the 396 issues traded, 243 advanced, 93 declined, and 60 remained unchanged on the Dhaka bourse.
Large-cap stocks, such as Renata, Square Pharmaceuticals, Beximco Pharmaceuticals, Grameenphone, Olympic Industries, Saif Powertec, Heidelberg Materials, Bangladesh Submarine Cables, Pubali Bank, and Bangladesh Monospool Paper Manufacturing Company, gave a sound performance.
Meanwhile, market insiders have commented that the news of an International Monetary Fund (IMF) loan approval and keeping the undisclosed money-whitening opportunity without scrutiny by paying the 15 per cent tax, as mentioned in the proposed budget for the fiscal year 2024-25, have boosted investors' confidence to some extent.
The Chittagong Stock Exchange (CSE) also settled on green terrain with the selected indices, the CSCX, and the All-Share-Price-Index, CASPI, advancing by 101.2 and 163.7 points, respectively.
Of the issues traded at the CSE, 134 declined, 69 advanced, and 38 issues remained unchanged.
The port city's bourse traded 2.37 crore shares and mutual fund units with a turnover value of about Tk 116 crore.
