Stock prices on DSE continue to rise

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FE Report
Stock prices on the Dhaka Stock Exchange (DSE) continued to rally for the third consecutive session Monday due to strong buying support from the investors' end. The rally helped the total market capitalisation to cross $11.00 billion-mark for the first time on the day.
The trading on the DSE started an hour late from 11am instead of routine time 10am due to failure in completion of the process of EOD (end of day) of November 18 by the Central Depository Bangladesh Limited (CDBL). But the trading continued until 3.00pm to compensate the lost time for trading.
DSE sources said recently, they have to face such CDBL problems due to losing of capacity by the CDBL.
However, market operators said share prices have been gaining on the DSE due to higher participation of investors in daily trading on account of year-end.
Market operators said the participation of investors especially the retail investors have been increasing in the daily trading due to ensuing announcement of lucrative dividend by the listed companies at the year-end.
On Monday, DSE General Index (DGEN), DSE-20 Index (DS20) and All Shares Price Index (DSI) gained 45.258 points, 53.935 points and 35.474 points to close at 3093.540, 2450.285 and 2612.457 respectively.
At the gainers-dominated market, the total turnover rose to Tk 2.806 billion from its previous Tk 2.314 billion. The total market capitalisation also rose to Tk 757.746 billion from its previous Tk 735.635 billion.
Out of 229 traded issues prices of 152 gained, 56 declined and 21 remained unchanged.