Dhaka stocks closed flat yesterday as investors went for selling shares and mutual units to pocket profit.
DSEX, the benchmark general index of the Dhaka bourse, finished the day at 4,164.62 points, after surging 0.8 points or 0.01 percent.
“Dhaka stocks generated modest gains as investors were in the profit booking mood,” LankaBangla Securities said in its daily analysis.
Blue-chip index DS30 generated higher gains compared to other two indices as the major
large-cap companies like Islami Bank, Square Pharmaceuticals and Grameenphone generated healthy gains, the stockbroker said.
The upcoming corporate declarations of some listed companies created some hope in the market, analysts said.
The new expansionary monetary policy also boosted investor confidence, they said.
Turnover on the DSE floor advanced 11.18 percent to Tk 355 crore, compared to the previous day.
Summit Purbanchol Power Company accounted for 16.56 percent of the total turnover generated yesterday.
A total of 17.59 lakh trades were executed with 9.17 crore shares and mutual fund units changing hands on the Dhaka bourse.
Of the 268 issues that traded on the DSE floor, 77 advanced, 153 declined and 38 remained unchanged.
However, from the major sectors, one top gainer was the ceramics, which went up 1.46 percent, followed by telecoms 1.1 percent.
Non-life insurance lost 1.71 percent and textile 1.64 percent.
Summit Purbanchol Power Company featured in the most traded stocks chart with 1.08 crore shares worth Tk 58.82 crore changing hands. The company was also the biggest gainer of the day, as it posted 43.75 percent gain.
United Airways and Grameenphone were the next popular stocks of the day. Al-haj Textile was the worst loser, plunging by 6.06 percent.