Dhaka stocks gained slightly on Tuesday after a fall in the previous session, as investors remained active on both sides of the trading fence amid subdued sentiment across the trading board, market operators said.
DSEX, the key index of the Dhaka Stock Exchange, increased by 11.78 points, or 0.22 per cent, to close at 5,340.18 points on the day after losing 27.00 points on Sunday.
Trading on the Dhaka bourse remained closed on Monday on the occasion of a bank holiday.
The key index witnessed a nosedive at the start of the session, but rose instantly, and maintained volatile trading for the rest of the session, ultimately ending in the green territory, market operators said.
The total turnover of the DSE witnessed a fall too, decreasing the total turnover by more than Tk聽250 crore on Tuesday.
The total turnover on Tuesday stood at Tk聽440.63 crore against Tk聽712.68 crore in the previous session.
The large capitalised scrips contributed the most to Tuesday鈥檚 positive ending.
Square Pharmaceuticals, Renata and Grameenphone contributed a total of 11.6 points to the index.
Market operators said that the investors鈥� approach towards the market changed and they were more cautious after the government imposed a 15-per cent tax on capital gains exceeding Tk聽50 lakh in the Finance Bill 2024.
In the past 19 weeks, the DSE moved forward in only five weeks.
Of the 394 issues traded on Tuesday, 213 advanced, 125 declined and 56 remained unchanged.
Though the key index, DSEX increased, the other two indices, DSE Shariah and the DS30 witnessed decrease on the day.
The DSE Shariah index decreased by 2.26 points, or 0.19 per cent, to close at 1,177.74 points on Tuesday.
The DS30 index lost 5.01 points, or 0.26 per cent, to finish at 1,904.63 points.
On the sectoral front, pharmaceutical issues exerted the highest turnover, followed by the food and textile shares.
EBL Securities in its daily commentary said, 鈥楾he market observed see-saw trading throughout the session as investors were active on both sides of the trading fence, while buyers ended up on a slightly dominant side as a portion of investors sought to take positions in particular scrips, which they deemed lucrative at the prevailing price levels.鈥�
Beach Hatchery topped the turnover chart on the day with its shares worth Tk 19.70 crore changing hands.
Salvo Chemical Industry, Alif Industries, Asiatic Laboratories, Malek Spinning Mills, Square Pharmaceuticals, British American Tobacco Bangladesh, ICB AMCL Sonali Bank Limited 1st Mutual Fund, Far East Knitting & Dyeing Industries and Gemini Sea Food were the other turnover leaders.
