The Dhaka bourse closed the week's first session with a moderate gain in the broad index, overcoming the loss of the previous session.
Companies of the pharmaceuticals & chemicals sector propelled the rise of the DSEX to 5696.72 points with a gain of 0.63 per cent or 35.67 points on Sunday. The sector had been playing a pivotal role in driving up the index alongside boosting daily turnover in the last three weeks.
It grabbed 23.33 per cent of the weekly market turnover between May 5 and May 9, 22.29 per cent between April 28 and May 2, and 24.18 per cent between April 21 and April 25.
Of the Sunday's top 10 index pullers, four were from the pharmaceuticals sector. The companies -- Kohinoor Chemicals, Beximco Pharmaceuticals, Orion Pharmaceuticals, and NAVANA Pharmaceuticals -- added 11.5 points to the DSEX, the broad index of the Dhaka Stock Exchange (DSE).
BRAC Bank alone added 5.7 points to the index, following an appreciation of 3.52 per cent on Sunday.
The market opened the day's session with a positive note and closed observing an upward trend.
Market operators said market supportive news, such as proposed fund injection by the Investment Corporation of Bangladesh (ICB) and the government's latest decision regarding the offloading of shares by state-run companies helped buoyed investor sentiment.
Apart from pulling the broad index, the pharmaceuticals & chemicals sector witnessed the highest transactions on Sunday. The companies of the sector grabbed 24.8 per cent of the market turnover, amounting to Tk 2.44 billion.
The premier bourse posted a turnover of Tk 9.85 billion, 8 per cent up from the previous session.
Most of the companies that supported the index and turnover were blue chip stocks.
Small-cap companies, however, were on the top of the day's gainers list. Padma Life Insurance on Sunday experienced the highest appreciation of 10 per cent while GQ Ball Pen was the day's worst loser after declining 3 per cent on the DSE.
Source: The Financial Express