The Dhaka bourse Tuesday witnessed a moderate rise after a major loss of previous five consecutive sessions following an optimism created among investors.
According to market insiders, the market was able to close higher as stakeholders suggested for market supportive measures.
On the day, the turnover somehow crossed Tk 5.0 billion-mark, but investors' participation in trading activities was not remarkable amid watchful stance.
The market started the day's session positively and the upward trend continued for 17 minutes. Later, the DSE broad index DSEX witnessed some correction.
Shortly afterwards, the market witnessed investors' increased participation and the broad index minimised the correction and the upward trend continued till closure.
At the end of the session, the DSEX closed with a moderate rise of 0.62 per cent or 33.83 points to close at 5469 points.
"The day's trading session started with positive sentiment as opportunity hunter investors opted to take fresh position in sector specific stocks especially from bank and financial institutions sectors ahead of earnings declaration," said the EBL Securities.
The shariah based index DSES and blue chip index DS30 witnessed marginal rise on the premier bourse.
Of the issues traded, 173 advanced, 105 declined and 43 were unchanged and the turnover stood at above Tk 5.0 billion.
 A total of above 0.094 million trades were executed in Tuesday's trading session generating a turnover of above Tk 5.0 billion with trading volume of 155.29 million securities.
According to International Leasing Securities, investors went for buying of shares from the beginning of the session and without major oscillation the optimism continued till the closure.
"The cautious stance sustained amid mixed perception regarding market outlook. Activity from the investors remained poor as the major group of investors endured in the sideline amid indecisiveness and 'wait and see' stance," said the International Leasing Securities.
Among the gaining sectors, bank advanced 1.9 per cent, financial institutions 1.3 per cent, fuel & power 0.5 per cent, general insurance 1.5 per cent, pharmaceuticals & chemicals 0.3 per cent, and textile 0.4 per cent.
Among the declining sectors, engineering lost 0.7 per cent, cement 0.4 per cent, food & allied 1.0 per cent, and telecommunications 0.2 per cent.
Investors' activities were concentrated mostly on bank which contributed 18.7 per cent in market turnover followed by fuel & power 14.80 per cent, textile 13.20 per cent, financial institutions 12.80 per cent and engineering 11.20 per cent.
United Power Generation and Distribution Company topped the turnover chart with a value of Tk 381 million followed by LankaBangla Finance Tk 273 million, Prime Bank Tk 201 million, RSRM Steel Tk 150 million and Islami Bank Tk 131 million.
Agrani Insurance was the number one gainer with a rise of 9.83 per cent to close at Tk 20.10, while Shyampur Sugar Mills topped the losers chart after declining 7.76 per cent to close at Tk 20.20.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI gained 120 points to close at 16937.
Of 233 issues traded, 141 advanced, 74 declined and 18 were unchanged and the turnover stood at above Tk 350.67 million on the port city bourse CSE.
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Source: The Financial Express