Dhaka stocks gained on Thursday as investors bought shares amid optimism about a market rebound after the recent corrections, market operators said.
Media reports regarding the Finance Division providing a sovereign guaranty on Tk聽3,000 crore loan from the Bangladesh Bank to the Investment Corporation of Bangladesh to overcome liquidity crunch instilled hope into investors, they said.
DSEX, the key index of the Dhaka Stock Exchange, increased by 39.30 points, or 0.73 per cent, to end at 5,355.32 points.
The market has been passing a volatile stage for the past three months as investors are confused about whether to invest in the market or not amid a liquidity crunch, rising economic challenges and interest rates, market operators said.
The turnover on the DSE increased to Tk聽576.33 crore on Thursday, as the investors鈥� participation increased.
The turnover in the previous session was Tk聽479.87 crore.
The DS30 rose by 14.20 points, or 0.72 per cent, to close at 1,986.40 points and the DSES gained 4.56 points, or 0.38 per cent, to end at 1,189.52 points.
Among the 386 issues traded on the session, 258 issues advanced, 83 declined and 45 remained unchanged.
EBL Securities in its daily commentary said, 鈥楾he benchmark index of the capital bourse sustained its positive momentum as the investors鈥� buying interest remained prevalent, riding on optimism over media reports of an anticipated Tk聽3,000 crore sovereign-guaranteed loan to the ICB, which somewhat helped restore market confidence, though late-session profit-taking trimmed most of the early gains amid ongoing market uncertainty.鈥�