DSE index jumps 1.19%, extending rally for fourth day
Of the traded issues, 180 advanced, while 146 declined and 72 remained unchanged
The benchmark index DSEX of the Dhaka Stock Exchange jumped today (20 July), extending the rally for four consecutive days.
On the day, the DSEX gained 61 points or 1.19% to reach at 5,194, while the blue-chip DS30 jumped 42 points or 2.17% to close at 1,978.
Of the traded issues, 180 advanced, while 146 declined and 72 remained unchanged.
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Investors' participation remained resilient with market turnover slightly decreasing by 1.7% to reach at Tk775.90 crore.
In the last four days, the DSEX gained 133 points, and the market capitalisation rose by Tk11,500 crore to reach at Tk6.91 lakh crore.
EBL Securities stated in its daily market review that the benchmark index of the capital bourse extended its bullish momentum, supported by investors' resilient positive sentiment reflected in strong buying interest in selective blue-chip scrips perceived to be trading at attractive valuations.
Buyers' dominance remained consistent throughout the session, with bulls firming their control over market momentum until the closing bell, it added.
Investors were mostly active in the Pharmaceuticals Sector which contributed 17.1% to the DSE total turnover, followed by Banking and Textile Sectors.
Sectors mostly displayed positive returns, of which Cement, Non-Bank Financial Institutions and Fuel exhibited the most positive returns on the bourse, while Mutual Fund, General Insurance and Jute showed the most corrections.
Khulna Power led the gainers' list as its share price jumped by 9.82% to reach Tk12.3, which was followed by Prime Finance, IDLC and SBAC Bank.
On the other end, Express Insurance was the top loser last week, dropping the price by 9.81% to Tk39.5.
