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Hartal fails to stop bull run

November 15, 2010 00:00:00


Dhaka stocks posted a steep rise Sunday with the benchmark index crossing 8300 points for the first time amid dawn-to-dusk strike enforced by main opposition party BNP.
The gain was led by banking sector, of which seven grabbed the top ten turnover leaders' position. Out of 30 banks, 29 gained.
Investors' presence in the brokerage houses were thin but many of them executed trade through mobile phone due to the day-long strike enforced by main opposition party BNP.
The market started the day with a strong note and the momentum continued until the closure, as the investors went for fresh buying mainly in issues under banking, non-banking financial institutions (NBFIs).
The benchmark DSE General Index (DGEN) surged by 1.47 per cent or 120.37 points to close at a fresh high of 8307.70, beating the previous high of 8187.33 recorded just in a span of three days back.
The broader All Shares Price Index (DSI) moved up by 1.49 per cent or 101.29 points to 6894.03. The DSE-20 Index comprising blue chips was up by 1.98 cent or 96.82 points to 4978.28.
Turnover stood at Tk 22.02 billion, almost same compared to the previous session. Out of 240 issues traded, 170 advanced, 67 declined and three remained unchanged.
Grameenphone, the most weighted shares in the DSE and the lone listed company in the telecommunications sector, climbed 1.16 per cent, notching up its three consecutive sessions of gains.

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