Stock turnover hits five-month high

Turnover on the Dhaka bourse hit a five-month high yesterday with the stocks ending in the black for the second consecutive session.

The turnover, an important indicator of the market, advanced 14.6 percent to Tk 538.52 crore, also crossing the Tk 500-crore level for the first time in the last four months. The premier bourse's turnover had reached Tk 576.32 crore on November 19 last year.

DSEX, the benchmark index, also rose 12.84 points or 0.29 percent, before closing the last day of the week at 4,373.33 points.

“Recent earnings disclosure for the period of January-March had been promising so far and may have played part in the increased turnover,” IDLC Investments said.

Investors who were remaining on the sideliners seemed to be returning to the market, the merchant bank said.