FE Report
Dhaka stocks maintained the record-breaking rally for the fourth straight session Wednesday, riding on Grameenphone, financials and insurers.
The DSE General Index (DGEN) added 32.73 points or 0.76 per cent to a new height of 4325.51. It crossed 4300-mark for the first time.
The broader DSE All Shares Price Index (DSI) closed with a gain of 28.29 points or 0.79 per cent at 3587.46. The DSE-20 blue chip index rose 2.17 points or 0.08 per cent to 2469.53.
The market gained heavily in the opening hour, advancing more than 35 points and then trimmed losses early gains on profit taking for the next one hour. In the next one and a half hour, the market again started to rise upward steadily until end of the session, crossing 4300-mark for the first time.
Rise in GP shares and financials-the market heavyweights-have pulled up the market, dealers said.
The telecommunication sector advanced as GP continued to carry the momentum in the last fifth sessions. The GP gained 2.57 per cent to close at Tk 179.30 a share.
Gainers outnumbered the losers as out of 232 issues traded, 163 gained, 67 declined and two remained unchanged. Turnover came down to Tk 8.01 billion, a decrease of nine per cent over the previous session.
The banking sector edged slightly higher but majority of the banking issues declined with Pubali Bank gaining highest of 12.41 per cent and Rupali Bank 6.28 per cent. The non-banking financial institutions (NBFIs) were marginally up while the mutual funds ended mixed.
The pharmaceutical sector was also marginally down and the energy sector declined.
All the companies of the industrial conglomerate Beximco Group except Bextex Limited and multinational companies nudged higher.
Social Investment Bank Ltd (SIBL was the top turnover leader with shares worth Tk 391.83 million changing hands.
DGEN crosses 4300-mark first time
FE Team | Published: November 26, 2009 00:00:00 | Updated: February 01, 2018 00:00:00
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