DGEN hits all-time high

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FE Report
The Dhaka Stock Exchange (DSE) opened Tuesday with a positive sign after Eid holiday-break with the benchmark index crossing 4400-mark for the first time.
The benchmark DSE General Index (DGEN) closed at an all-time high of 4424.01, adding 43.07 points or 0.98 per cent, lifted by financials and insurers.
With Tuesday's rally, the market soared for the seventh consecutive session, the longest winning streak in two months.
The broader DSE All Shares Price Index (DSI) gained 40.15 points or 1.10 per cent to finish at 3672.56. The DSE-20 blue chip index rose 71.58 points or 2.84 per cent to 2585.11.
The banking issues continued to pick up, gaining enough to offset fall in share prices in Grameenphone, the most weighted shares in the market.
GP lost 1.50 per cent to close at Tk 177.30, reversing its gaining streak for the six consecutive sessions.
The investors continued to snap the banking stocks, the market's bellwether, ahead of year-end account closure and insurance issues on persistent perception that Insurance Bill would be tabled in the next session of the house.
The new bill has proposed sweeping changes in the laws regulating the country's 60 plus insurance companies. The proposed law included a two-three times increase in paid up capital for both life and general insurers.
The banking sector rose 3.84 per cent with ten banks gaining more than five per cent. Among the banks, Dhaka Bank ended highest 14.55 per cent.
The non-banking financial institutions (NBFIs) were also up with the whole sector soaring 3.52 per cent.
The general insurance sector advanced 1.96 per cent while the life insurance companies gained 3.61 per cent.
Gainers took a modest lead over the losers as out of 231 issues traded, 126 advanced and 105 declined.
Turnover continued to increase to Tk 1.01 billion, up 11 per cent over the previous session's Tk 9.13 billion.
The mutual funds continued to fall, losing 0.79 per cent on the day.