Dhaka stocks close higher

Dhaka stocks closed higher yesterday, the last trading session of the week, riding on gains in the large cap sector.

The benchmark index of Dhaka bourse, DSEX, gained 33.18 points to close at 6,322.51. The daily turnover was Tk 854.54 crore, down by 4.8 percent from the previous session.

Most of the sessions in the week were on an upward curve due to active participation of retail investors. The broad index gained 0.6 percent this week compared to the previous week.

Investors are injecting fresh funds following the declaration of earnings by companies that cheered up the market in four out of five trading days of the week, insiders said. Daily transaction was more than Tk 800 crore. 

Among the large cap sectors, textile, engineering, and fuel and power gained 2.20 percent, 1.64 percent and 1.32 percent respectively.

The average daily turnover rose 6.2 percent compared to the previous week. Meanwhile, the average trade volume also increased by 13.9 percent and the total number of trades saw a 10.7 percent hike.

The top gainers of the week were AB Bank, Shympur Sugar and ICB Islamic Bank, while the biggest losers were Saif Power, Oimex and Desh Bandhu. LankaBangla Finance topped the weekly turnover list followed by AB Bank, Dhaka Bank, Shahjalal Bank, Square Pharma, City Bank and FAS Finance.