Business Desk :
Stocks returned to the gaining on Tuesday, snapping a two-day losing streak, as pre-Eid sale pressure eased to some extent.
Only two trading days are left before Eid holidays as the market will remain closed from Friday to Monday, including weekly holidays, on the occasion of Eid-ul-Azha, the second largest religious festival of the Muslims.
The market opened higher and the key index jumped 56 points within the first hour of trading. But, the rest of the session went down more than half of the early gain, ultimately ending over 25 points higher.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 25.25 points or 0.39 per cent to settle at 6,372, after losing over 30 points in the past two days.
Turnover, the crucial indicator of the market, also jumped to Tk 9.61 billion, which was 45 per cent higher than the previous day’s tally of Tk 6.62 billion.
Market insiders said the optimistic investors preferred to buy shares at lucrative prices as the pre-Eid sale pressure eased to some extent.
However, the confidence of investors is yet to restore fully due to macroeconomic worries and rising Covid-19 cases in recent days, they said.
