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Agency Bourses ended higher Thursday, paced by a buying spree, after witnessing a week of flat trading.
"We had to deal with huge buying orders in almost every sector," an official with brokerage house IDLC Securities told bdnews24.com.
Profit-taking was relatively low, added the official.
Turnover on the bourses also recorded a substantial increase from the previous day.
Market analysts said investors were confused as the market was in lack of depth.
"I would say investors are a bit confused about what to do which is reflected on the trading pattern," Yawer Sayeed, CEO of AIMS of Bangladesh, told bdnews24.com.
Brushing aside the liquidity crisis, he said the market was in lack of depth that is—both the quantity and quality of shares.
"There are about 350 shares in the market of which, a substantial amount is under performers. Where are the investors supposed to put money on?" said Sayeed.
As there is no third-party researcher for the market investors often rely on rumours for trading decisions, which really harms the market, he added.
The DGEN or general index maintained an upward curve across the day and gained 32.85 points or 1.08 percent to close at 3052.61.
The DSI or all-share price index ended on 2589.76, advancing 28.04 points or 1.09 percent from the previous day.
The bourse's blue chip DSE-20 rose 23.23 points or 0.96 percent to 2427.19.
Turnover increased to Tk 4.05 billion from Wednesday's Tk 3.50 billion, with 23,159,207 shares changing hands.
Of the traded issues, 120 gained and 108 declined, with 11 issues holding steady.
AB Bank topped the turnover board and fell 0.46 percent to Tk 4072.50.
Z category scrip UCBL continued to gain from the previous day, rising 7.30 percent to Tk 6096.25.
Market major Square Pharmaceuticals returned from Wednesday's losses to end on Tk 5243.25, up by 3.38 percent.
AIMS 1st Mutual Fund ended 0.63 percent lower on Tk 15.55 following previous day's gains while Lanka Bangla Finance continued to gain to finish at Tk 148.60, up 2.90 percent.
Among the other scrips on the turnover board, Union Capital, Heidelberg Cement, IDLC, Apex Tannery and Jamuna Oil also advanced.
Indices on the Chittagong Stock Exchange also ended upbeat, influenced by huge gains in leasing and finance, insurance and engineering shares.
The CSCX or selective categories index surged 58.68 points or 1.06 percent to 5581.49 while the CASPI or all-share price index ended on 8681.54, advancing 97.14 points or 1.13 percent.
The CSE-30 blue-chip index rose 89.75 points or 1.17 percent to 7706.99.
Turnover on the port city's bourse rose to Tk 503.68 million from Tk 468.98 million the previous day from 3,126,555 traded shares.
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