Stocks surge in last trading session before Eid
On the day, the DSEX advanced 34 points and settled at 5,118 points, while the blue-chip DS30 rose by 9 points to reach 1,821.
The benchmark index DSEX of the Dhaka Stock Exchange (DSE) surged for the second consecutive day on Thursday (13 June) before going into a five-day shutdown.
On the day, the DSEX advanced 34 points and settled at 5,118 points, while the blue-chip DS30 rose by 9 points to reach 1,821.
The market will remain closed for five days until 18 June due to the Eid-ul-Adha vacation.
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EBL Securities said in the daily market review the capital bourse of the country experienced another session of buyer dominance and ended the week with a slight upbeat vibe since bargain hunters continued taking positions in the beaten down issues.
However, the overall market sentiment remains subdued amidst an uncertain market outlook, it said.
Buyers ended up on a slightly dominant side as a portion of investors sought to take positions in particular scrips that had undergone significant corrections.
Moreover, prevailing rumors on the probable withdrawal of the proposed imposition of capital gain taxes instilled some confidence among jittery investors, according to EBL Securities.
Meanwhile, market turnover increased by 21% to Tk423 crore compared to the previous session.
In the day's trading, pharma sector issues exerted the highest turnover, followed by the food and life insurance sectors.
Most of the sectors displayed positive returns, out of which life insurance, general insurance and tannery exhibited the most positive returns on the bourse, while jute, services and travel exerted the most corrections.
