Dhaka stocks gained for the second consecutive session on Wednesday, as investors dominated the buying side across the trading board after the recent corrections in share prices, market operators said.
DSEX, the key index of the Dhaka Stock Exchange, increased by 33.65 points, or 0.63 per cent, to close at 5,373.84 points on the day, after adding 11.78 points in the previous session.
The key index witnessed a rise at the start of the session, but fell instantly and then it maintained volatile trading for the rest of the session, ultimately ending in the positive territory, market operators said.
The total turnover on the DSE witnessed a rise too, increasing by almost Tk聽100 crore on Wednesday.
The total turnover on Wednesday stood at Tk 539.27 crore compared with that of Tk聽440.63 crore in the previous session.
The large capitalised scrips contributed the most on Wednesday for the Dhaka bourse to end in the green zone.
In the past 19 weeks, the DSE moved forward in only five weeks.
Of the 395 issues traded on Wednesday, 241 advanced, 97 declined and 57 remained unchanged.
The DSE Shariah index increased by 8.81 points, or 0.74 per cent, to close at 1,186.55 points on the day.
The DS30 index gained 8.30 points, or 0.43 per cent, to finish at 1,912.93 points.
On the sectoral front, pharmaceutical issues exerted the highest turnover, followed by the food and engineering shares.
EBL Securities in its daily commentary said, 鈥楾he market witnessed volatility until mid-session; however, buyers took control in the latter half of the session, as optimistic investors opted to take positions in the lucrative issues, which they perceived as an opportunity to harness quick gains.鈥�
Beach Hatchery topped the turnover chart on the day with its shares worth Tk 16.24 crore changing hands.
Unilever Consumer Care, Alif Industries, Orion Infusion, Sonali Paper & Board Mills, Orion Pharma, Pragati Life Insurance, Asiatic Laboratories, Navana Pharmaceuticals and Sea Pearl Beach Resort & Spa were the other turnover leaders.