Business Desk :
The stock index rose slightly though the blue-chip index dropped yesterday while there was a substantial increase in the turnover.
The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), rose 10 points, or 0.15 per cent, to 6,667 at the end of the day.
The DSE’s turnover stood at Tk 766 crore, marking an increase of 29.3 per cent compared to that of the last trading day.
The stock markets bounced back after a slump of a day as the bargain hunters showed interest in making sector-wise purchases of issues, said International Leasing Securities in its daily market review.
The investors mostly adopted a cautious stance to put fresh funds in stocks ahead of the Eid festival. As a result, the benchmark index of the Dhaka bourse, DSEX, went up, it said.
There were a same number of gainers as losers as out of a total of 381 issues to undergo trade, 163 declined, 160 advanced and 58 remained unchanged.
Among the sectors, paper and printing rose 6.3 per cent, travel and leisure 3.5 per cent and engineering 1.2 per cent whereas services and real estate dropped 0.9 per cent, and mutual funds fell 0.6 per cent.
According to the turnover, investors’ attention was mainly concentrated on miscellaneous (17 per cent), pharmaceuticals and chemicals (14.8 per cent) and engineering (7.7 per cent).
Imam Button Industries topped the gainers’ list with a rise of about 10 per cent. Bangladesh Monospool Paper Manufacturing Company, Bashundhara Paper Mills, Sonali Paper and Board Mills and The Peninsula Chittagong also saw major gains.
Eastern Bank shed the most with a 10 per cent drop. United Commercial Bank, Provati Insurance Company, Gemini Sea Food and National Tea Company were among those suffering heavy losses.
