Special Correspondent : DSEX, the key index of the Dhaka Stock Exchange (DSE), on Tuesday, extended its positive momentum for three consecutive trading sessions, reflecting investors' buying appetite driven by favorable earnings from listed companies.
The key index gained 6.79 points, or 0.13%, and closed at 5,202.62. The blue-chip index DS30 and the Shariah-based index DSES closed at 1,925.25 and 1,172.79 points, respectively.
Meanwhile, market turnover also increased by 16.9% to Tk 500 crore as against Tk 426 crore in the previous session.
Most of the large-cap sectors posted positive performance on the day. NBFI booked the highest gain of 1.26%, followed by Telecommunication (+0.45%), Pharmaceutical (+0.16%), Engineering (+0.15%), Bank (+0.10%), Fuel & Power (-0.16%), and Food & Allied (-0.23%), respectively.
Block trades contributed 3.1% of the overall market turnover. Orion Infusion Ltd. (+0.7%) was the most traded share with a turnover of Tk 23 crore.
Out of the 397 issues traded, 165 advanced, 149 declined, and 83 remained unchanged on the Dhaka bourse.
In its daily market commentary, the EBL Securities said the benchmark index of the capital bourse remained afloat in positive territory on the day as bargain hunters continued to show their buying interest in certain scrips ahead of the earnings declarations for the recently ended quarter in anticipation of short-term gains.
The market witnessed a tussle between buyers and sellers to grab the reins of the market momentum on the day. Though the market opened on a positive note with buyers possessing the helm of the market momentum, sellers emerged to demonstrate their dominance as they preferred to engage in a profit-taking sell frenzy, it said.
Finally, late-session buying pressure rescued the market today by settling the benchmark index in green territory, making a streak of three consecutive positive sessions.
The port city bourse, Chittagong Stock Exchange (CSE), also witnessed a positive session today. The selected indices (CSCX) and All Share Price Index (CASPI) increased by 38.5 points and 61.6 points, respectively.
