Star Business Report
Dhaka stocks bounced back yesterday, after a slump of two days, as the investors regained confidence.
The benchmark index of the Dhaka Stock Exchange -- DSE General Index -- gained 106.41 points, or 1.74 percent, to 6,207.55.
After the two days' fall, the investors found it proper time to take positions on securities that increased the demand and the share prices as well, market insiders said.
They also said there was a rumour during the previous two days that the regulator may reduce the margin loan ratio, but no such directives came from the Securities and Exchange Commission (SEC) until yesterday.
The investors were upbeat as the SEC did not take further measures and most of the sectors such as banking, non-banking, fuel and power, and engineering went up.
Banking, non-banking and fuel and power sectors were mainly behind yesterday's rise, according to a market analysis by Race Asset Management. "Engineering sector also chipped in," it said.
However the day's only two negative performers were telecommunication and textiles.
Advancers beat losers 177 to 64 with seven securities remaining unchanged on the premier bourse.
More than 3.67 crore shares and mutual fund units traded on the floor on a turnover of Tk 1,249.18 crore.
Beximco Ltd topped the turnover leaders with more than 41.17 lakh shares worth Tk 127.39 crore being traded.
Chittagong stocks also posted a sharp rise and the CSE Selective Categories Index increased by 145.65 points, or 1.24 percent, to 11,806.85.
More than 41.88 lakh shares and mutual fund units changed hands on the Chittagong Stock Exchange at a turnover of Tk 97.62 crore.
Advancers beat losers 113 to 54, while nine securities remained unchanged on the port city bourse.
Beximco Ltd topped the turnover list with more than 3.71 lakh shares worth Tk 11.49 crore being traded on the CSE.
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