Economic Reporter :
Stocks edged up marginally on Monday amid cautious trading as some institutional investors came forward to support the market.
DSEX, the prime index of the Dhaka Stock Exchange, went up by 17.49 points to settle at 4,959 over the previous day. Market analysts said many good stocks have become lucrative following recent sharp correction which encouraged some investors to take position.
However, most of the institutional investors can not invest in the market as they are suffering from a liquidity crunch, said a leading broker.
Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 16.81 points to finish at 1,755 and the DSE Shariah Index gained 1.36 points to close at 1,155.
Turnover, a crucial indicator of the market, also rose to Tk 3.89 billion on the country’s premier bourse, rising 23 per cent over previous session’s mark of Tk 3.17 billion.
A total number of 118,463 trades were executed in the day’s trading session with trading volume of 90.51 million shares and mutual fund units.
The market-cap of the DSE stood at Tk 3,714 billion on Monday, from Tk 3,695 billion in the previous session.
Gainers took a modest over the losers as out of 353 issues traded, 161 closed higher, 136 ended lower and 56 remained unchanged on the DSE trading floor.
Stocks edged up marginally on Monday amid cautious trading as some institutional investors came forward to support the market.
DSEX, the prime index of the Dhaka Stock Exchange, went up by 17.49 points to settle at 4,959 over the previous day. Market analysts said many good stocks have become lucrative following recent sharp correction which encouraged some investors to take position.
However, most of the institutional investors can not invest in the market as they are suffering from a liquidity crunch, said a leading broker.
Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 16.81 points to finish at 1,755 and the DSE Shariah Index gained 1.36 points to close at 1,155.
Turnover, a crucial indicator of the market, also rose to Tk 3.89 billion on the country’s premier bourse, rising 23 per cent over previous session’s mark of Tk 3.17 billion.
A total number of 118,463 trades were executed in the day’s trading session with trading volume of 90.51 million shares and mutual fund units.
The market-cap of the DSE stood at Tk 3,714 billion on Monday, from Tk 3,695 billion in the previous session.
Gainers took a modest over the losers as out of 353 issues traded, 161 closed higher, 136 ended lower and 56 remained unchanged on the DSE trading floor.
