Dhaka stocks climb for second day

Dhaka stocks extended their gains for a second consecutive session today, lifted by non-bank financial institutions (NBFI) as well as fuel and power shares, while turnover also rose.

The DSEX, the benchmark index of the bourse, increased 45.18 points, or 0.84 percent, to close at 5,392.65, according to Dhaka Stock Exchange data.

Other indices followed the performance of the main index as both Shariah-based DSES and the blue-chip DS30 ended the day higher.

Turnover, a key indicator of investor activity, stood at Tk 576 crore, up from Tk 467.59 crore in the previous session, reflecting higher investor participation in line with the positive indexes.

The market closed in green as all the large-cap sectors posted positive performance, said BRAC EPL Stock Brokerage Ltd in its daily market update.

Block trades, high-volume transactions involving large numbers of securities, contributed 2 percent of the overall market turnover.

Market breadth was mostly positive, with 289 issues advancing against 60 declining, while 48 remained unchanged.

Among the major sectors, NBFIs experienced the highest gain of 2.2 percent followed by fuel and power 1.08 percent, engineering 0.77 percent, pharmaceutical 0.64 percent, telecommunication 0.5 percent, food and allied 0.28 percent and bank 0.09 percent, respectively.

Orion Infusion was the most traded share with a turnover of Tk 23.5 crore, BRAC EPL said.

On the day's performance table, Intech surged 9.91 percent to top the gainers' list, while Tung Hai Knitting & Dyeing dropped 9.09 percent, becoming the worst performer of the session.