DSE stock prices’ bullish trend continues

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FE Report
Stock prices on the Dhaka Stock Exchange (DSE) continued on a bullish trend for the second consecutive day Wednesday due to buying spree.
The upward trend of the market helped create some new records in share trading on DSE surpassing old milestone over the last few days.
On Wednesday, the general index of DSE crossed a new milestone at 2310.304 amid a rally of stock prices. The DGEN or DSE General Index was 2298.85 Tuesday.
The DGEN crossed the 2000-mark for the first time May 31, 2007, since its inception on November 27, 2001. The market barometer earlier reached 1999.71 on January 1, 2005. The DGEN crossed 2100-mark June 25 and 2200-mark July 10, 2007.
Market operators said the strong buying support from retail, institutional and portfolio investors helped achieve new milestone on the DSE.
The issues under banking, power, insurance and pharmaceuticals have been maintaining an upward trend over the last few days due to good financial condition of those sectors, market operators claimed.
All Shares Price Index (DSI) gained by 12.565 points close to 1896.429. But DSE-20 Index (DS20) declined by 3.135 points to close at 2041.088 Wednesday.
The total turnover was Tk 2.393 billion from Tk 2.395 billion on the previous day. The total market capitalisation increased to Tk 514.384 billion from Tk 511.506 billion on the previous day.
Out of 208 traded issues prices of 97 gained 87 declined and 24 remained unchanged.
Southeast Bank was the turnover leader with a trading volume of Tk 154.001 million, followed by BRAC Bank with Tk 147.344 million, Power Grid with Tk 138.281 million, Square Pharma with Tk 129.346 million, Pubali Bank with Tk 84.951 million, UCBL with Tk 84.707 million, Shahjalal Bank with Tk 83.504 million, Summit Power with Tk 81.090 million, Dhaka Bank with Tk 76.186 million and Desco with Tk 61.326 million on the day.
Prices of Southeast Bank gained by 2.66 per cent to close at Tk 530.50 per share, BRAC Bank by 1.55 per cent to Tk 831.50, Pubali Bank by 4.57 per cent to Tk 863.50, UCBL by 0.57 per cent to Tk 3432.50, Shahjalal Bank by 3.02 per cent to Tk 272.50, Summit Power by 1.80 per cent to Tk 1044.00 and Dhaka Bank by 2.56 per cent to Tk 648.75.