DSEX crosses 4,900-mark after 11 months
DSE turnover, an important indicator of the market, leaped by 69 percent to Tk454.52 crore amid floor price limitation
DSEX, the prime index of Dhaka Stock Exchange (DSE), has crossed the psychological threshold of 4,900-mark after 11 months.
The benchmark index increased by 0.74 percent to reach 4,928 points at the end of Thursday's trading session, when 12 stocks, which have recently been brought out of the junk status, soared substantially on the trading floor with most of them hitting the intraday circuit limit.
A senior officer at a brokerage firm said indices of both the stock exchanges extended their bull run for a second straight session as investors continued their buying appetite on selective stocks preceded by the reformation attempts of the stock market regulator.
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Turnover on the Dhaka Stock Exchange trading floor decreased by 9 percent to Tk1,093.88 crore.
However, investors' attention was mostly concentrated on pharmaceuticals which witnessed the highest turnover with 0.1 percent loss of its market capitalisation on Thursday.
The second highest turnover was in the engineering sector which posted a positive return of 2.1 percent.
Beximco Pharma and Beximco Limited secured spots on Thursday's turnover leaders, with the latter continuing its promising growth.
Service and real estate sectors gained a massive 5.3 percent.
The general insurance sector witnessed a massive 2.3 percent fall in market capitalisation.
Out of 355 issues traded, 221 advanced, 109 declined and 25 remained unchanged.
The port city's bourse, Chittagong Stock Exchange, registered a mere flat session at the end. The selected index, CSCX, increased 57.2 points and Caspi rose 92.8 points respectively.
