FE report
Dhaka stocks bounced back Sunday, ending three consecutive sessions of losses, on better-than-expected healthy half-yearly earnings by financing institutions.
The benchmark DSE General Index (DGEN) gained 1.0 per cent or 63.39 points to close at 6217.07, lifted by banks, non-banking financial institutions (NBFIs) and energy.
The broader All Shares Price Index (DSI) was up by 0.94 per cent or 48.42 points to 5160.05. The DSE 20 index comprising blue chip shares ended at 3683.87, rising 0.92 per cent or 33.83 points.
Investors scooped fundamentally strong shares anticipating good half yearly earnings, sending the market into the positive terrain, said Akter H Sannamat, managing director of the Prime Finance and Investment Ltd.
"The companies having diversified products attracted the investors," he said.
Trading activity was higher as turnover stood at Tk 21.23 billion, up 13.19 per cent over the previous session. Banks, NBFIs and power sector accounted for 80.39 per cent of the total turnover.
Participation of the investors increased as they started to take renewed position after half-yearly closing, said a stockbroker.
Leasing or NBFIs sector climbed 2.61 per cent to emerge as top gaining sector driven by heavyweights IDLC and Prime Finance, which rose 5.28 per cent and 4.42 per cent respectively.
Banking issues, the market's bellwether, moved up 0.71 per cent. Among the banking issues, Exim Bank rose highest 6.95 per cent, National Bank 3.32 per cent and AB Bank 2.51 per cent.
Fuel and power sector spiked 1.35 per cent, led by Titas Gas, Power Grid and DESCO that rose 3.33 per cent, 4.32 per cent and 1.50 per cent respectively.
The cement sector also advanced by 3.86 per cent.
The day's only two major negative performers were telecommunications and pharmaceuticals sector.
GP, the largest capped company in the bourse and the country's top mobile phone firm, dipped 5.09 per cent - its ninth consecutive session of losses.
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