Stocks on Monday edged into positive territory on the back of late-session buying activity, although most investors remained cautious in absence of a decisive catalyst for the market鈥檚 revival and stayed watchful ahead of the upcoming earnings season.
DSEX, the broad index of the Dhaka Stock Exchange, added 9.1 points to settle at 5,390 points as against 5,380 points in the previous trading session.
Market analysts observed that the market remained volatile throughout the session as investors remained active on both sides of the trading fence, while corrections in several large-cap stocks continued to weigh on the indices.
However, buyers turned back in the latter half of the session, chasing sector specific issues which they perceived of having quick gain potential.
Meanwhile, market turnover also increased by 6.2 per cent (PC) to Tk聽6.0 billion from Tk聽5.6 billion in the previous session.
On the sectoral front, Pharma (15.9 pc) issues exerted the highest turnover, followed by Textile (15.7pc) and Bank (12.1pc) sectors.
Sectors mostly displayed positive returns, out of which Jute (3.5pc), Life Insurance (2.5pc) and Paper (2.2pc) exhibited the most positive returns on the bourse today, while Travel (-0.7pc), Mutual Fund (-0.4pc) and Pharma (-0.3pc) exerted marginal corrections.
Out of the 397 issues traded, 211 advanced, 104 declined and 82 remained unchanged.
The port city bourse, CSE, also settled on a positive zone. The Selective Categories鈥� Index (CSCX) and All Share Price Index (CASPI) slightly advanced by 2.9 points and 11.5 points, respectively.