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Stocks keep setting new mark

November 25, 2009 00:00:00


FE Report
Dhaka stocks continued to set a new mark for the third consecutive session in the fluctuating market Tuesday, led by the country's telecom giant Grameenphone issues that rose 3.73 per cent.
The DSE General Index (DGEN) added 18.86 points or 0.44 per cent to 4292.77, which is a new high.
The broader DSE All Shares Price Index (DSI) ended with a gain of 12.51 points or 0.35 per cent at 3559.16. The DSE-20 blue chip index shed 17.41 points or 0.70 per cent to 2467.36.
The market opened with positive mood, gaining 35 points and crossing the 4300-mark for the first time in the early trading.
Then, the market started to decline as the investors went for profit taking on banking issues that saw rally in the last six sessions. After a period of up-and-down, the market ended in the positive territory riding on GP issues.
"Rally in GP shares, the market's heavyweight, prevented the market from falling despite declining in the banking, the market's bellweather, issues," said BRAC-EPL, an investment bank, in its analysis.
Grameenphone continued to rally with a rise of 3.73 per cent to Tk 175.50 per share.
Gainers beat losers as out of 237 issues traded, 140 gained, 93 declined and four remained unchanged. Turnover came down to Tk 8.82 billion, a decrease of 17 per cent over the previous session.
The banking sector went down after gaining for consecutive six sessions as the investors booked profit.
The whole sector went down by 2.54 per cent. The non-banking financial institutions (NBFIs) finished mixed while most of the mutual funds edged higher at the end of the day.

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