DGEN briefly crosses 5000 mark
Thursday, 21 January 2010
FE Report
Dhaka stocks extended their rally Wednesday on speculative buying of financial and insurance scrips by the investors as the market saw a brief scaling of main index passed 5000-mark.
Benchmark Dhaka Sock Exchange General Index (DGEN) could not sustain the historic level until the last minute due to erratic movement of share prices.
However, DGEN ended the session with a gain of 41.85 points or 0.84 per cent to 4998.58, after reaching 5002.35.
The broader All Shares Price Index (DSI) gained 34.64 points or 0.84 per cent to close at 4126.69, while DSE 20 comprising blue chip index moved up 30.61 points or 1.10 per cent to 2813.22.
After witnessing a mixed reaction on the previous day, the banking sector increased 2.63 per cent, sending the market into the positive territory.
Among banks, City Bank was the highest gainer posting a rise of 8.93 per cent, followed by Mercantile Bank that rose 6.09 per cent.
Prices of the majority stocks advanced, as out of 244 issues traded, 151 gained, 91 lost and two remained unchanged.
The turnover stood at Tk 11.08 billion, down 7.03 per cent from the previous session's Tk 11.92 billion.
Grameenphone, the most traded stocks, ended 1.11 per cent higher to close at Tk 226.9, on anticipation of a healthy year-end dividend declaration.
Most of the non-banking financial institutions (NBFIs) gained but the sector lost 0.40 per cent because ICB fell 2.10 per cent.
The pharmaceuticals sector gained 0.75 per cent as the share prices of most of the companies closed in the positive terrain. The mutual funds sector lost 3.24 per cent after ending higher previous session. Energy sector continued lose its strength dropping 0.08 per cent.
Dhaka stocks extended their rally Wednesday on speculative buying of financial and insurance scrips by the investors as the market saw a brief scaling of main index passed 5000-mark.
Benchmark Dhaka Sock Exchange General Index (DGEN) could not sustain the historic level until the last minute due to erratic movement of share prices.
However, DGEN ended the session with a gain of 41.85 points or 0.84 per cent to 4998.58, after reaching 5002.35.
The broader All Shares Price Index (DSI) gained 34.64 points or 0.84 per cent to close at 4126.69, while DSE 20 comprising blue chip index moved up 30.61 points or 1.10 per cent to 2813.22.
After witnessing a mixed reaction on the previous day, the banking sector increased 2.63 per cent, sending the market into the positive territory.
Among banks, City Bank was the highest gainer posting a rise of 8.93 per cent, followed by Mercantile Bank that rose 6.09 per cent.
Prices of the majority stocks advanced, as out of 244 issues traded, 151 gained, 91 lost and two remained unchanged.
The turnover stood at Tk 11.08 billion, down 7.03 per cent from the previous session's Tk 11.92 billion.
Grameenphone, the most traded stocks, ended 1.11 per cent higher to close at Tk 226.9, on anticipation of a healthy year-end dividend declaration.
Most of the non-banking financial institutions (NBFIs) gained but the sector lost 0.40 per cent because ICB fell 2.10 per cent.
The pharmaceuticals sector gained 0.75 per cent as the share prices of most of the companies closed in the positive terrain. The mutual funds sector lost 3.24 per cent after ending higher previous session. Energy sector continued lose its strength dropping 0.08 per cent.