Most of the listed life insurers saw price appreciation on Wednesday and dominated the chart of top 10 gainers.
Of top 10 gainers of Dhaka Stock Exchange (DSE), eights were life insurance companies whose share prices advanced ranging between 2.16 per cent and 9.97 per cent.
Market operators said investors' expectation on the recommendation of upcoming dividend for the year ended on December 31, 2021, maybe a reason behind the price appreciation of insurers.
"Prices of many insurers earlier came down at reasonable level in line with fall of broad index from 7000 points. It may be another reason behind the price appreciation witnessed by listed insurers," said a senior official of Modern Securities.
Following the price appreciation, life insurance sector advanced 0.1 per cent while the remaining sectors of listed securities declined ranging 0.3 per cent to 1.9 per cent.
Sunlife Insurance Company saw the highest price appreciation of 9.97 per cent or Tk 3.7 and closed at Tk 40.80 each. The company posted a turnover of Tk 34.73 million on the main bourse DSE.
The share price of Takaful Insurance advanced 9.93 per cent or Tk 7.10 and closed at Tk 78.60 each and the company posted a turnover of Tk 43.67 on Wednesday.
The share price of Prime Life Insurance Company closed at Tk 71.10 each with a rise of 5.65 per cent or Tk 3.8 and the company featured a turnover of Tk 17.48 million.
Meghna Life Insurance Company saw a rise of 3.93 per cent or Tk 2.8 and its share price closed at Tk 74 each. The company posted a turnover of Tk 8.19 million.
The share price of Rupali Life Insurance Company advanced 3.31 per cent or Tk 2.40 to close at Tk 74.80 each. The company featured a turnover of Tk 39.05 million on Wednesday.
Pragati Life Insurance Company saw a rise of 2.72 per cent in share price and the company's share price closed at Tk 94.50 each. The company posted a turnover of Tk 4.77 million.
The share price of Fareast Life Insurance Company closed at Tk 93.20 each with a rise of 2.53 per cent or Tk 2.30 and the company featured a turnover of Tk 77.39 million.
The share price of Sonali Life Insurance Company advanced 2.16 per cent or Tk 1.30 to close at Tk 61.40 each and the company posted a turnover of Tk 14.75 million on Wednesday.
The remaining two companies which were in the chart of top 10 gainers were Yeakin Polymer and Evince Textile and their share prices advanced 9.82 per cent and 4.62 per cent respectively.
