DSE general index crosses 2200 points

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FE Report
The general index of Dhaka Stock Exchange (DSE) crossed a new milestone at 2210.691 Tuesday amid a rally of stock prices, led by banks, power companies and mutual funds.
The DGEN or DSE General Index was 2197.642 on Monday. It crossed the 2000-mark for the first time since its inception on November 27, 2001.The market barometer earlier reached 1999.71 on January 1, 2005.
"The market is gaining momentum because of investors' confidence and we hope the stock market will further rise with the floatation of shares by big companies under telecommunications, power, state-owned enterprises, oil and gas sectors," said a market source.
He said more depositors are coming into the market with funds after the commercial banks have reduced the interest rates on deposits.
On Tuesday's trading session DSE General Index (DGEN) and All Shares Price Index (DSI) gained by 13.049 points and 11.251 points to close at 2210.691 and 1813.726 respectively.
But, the DSE-20 Index declined by 7.744 points to close at 1872.408 Tuesday.
The total turnover rose to Tk 1.855 billion from Tk 1.365 billion on the previous day. The total market capitalisation increased to Tk 486.968 billion from Tk 484.444 billion on the previous day.
Out of 218 traded issues prices of 95 gained 105 declined and 18 remained unchanged.