Stocks closed higher on the last trading day of 2015 with positive expectations for the New Year.
DSEX, the benchmark index of Dhaka Stock Exchange, rose 24.72 points or 0.53 percent, finishing the day at4,629.64 points.
IDLC Investments said the last trading session of the year ended with subtle motion while investors pondered to set the course for the New Year.
"The whole session observed slight volatility but as the day progressed, the index moved up in the last hour," the merchant bank said.
LankaBangla Securities, in its regular analysis, said stocks saw fluctuations in the price level amid a lack of direction.
"The index picked up to more
than a three weeks' high as investors prompted to pick up the value of stocks for the year ahead," the stockbroker said.
Turnover, another important indicator of the market, also jumped up, by 18.3 percent to Tk 434.39 CTore, with 9.7 crore shares and mutual fund units changing hands ontheDSE.
Of the traded issues, 133 advanced and 141 declined with 50 securities closing unchanged on the premier bourse.
Emerald Oil Industries dominated the turnover chart with 29-44 lakh shares worth Tk 18.79 aore changing hands, followed by Summit Alliance Port, Square Pharma, Quasem Drycells and Olympic Industries.
Among the major seaors, food and allied increased 4.01 percent in
market capitalisation, followed by banks that rose 0.59 percent, fuel and power 0.31 percent and telecommunication 0.25 percent.
Conversely, the cement seaor declined 0.47 percent, followed by textiles 0.3 percent and non-banking financial institutions 0.2 percent.
Emerald Oil Industries was the day's best performer with 6.2 percent in gains, while Keya Cosmetics was the worst loser, shedding 17.8 percent.
Chittagong stocks also closed higher yesterday with the bourse's benchmark index, CSCX, increasing 36.56 points or0.42 percent to finish the day at 8,572.12 points.
Losers, however, beat gainers as 108 securities declined and 90 advanced, while 30 finished unchanged on the Chittagong Stock Exchange.