Dhaka stocks close year on high note
Thursday, 31 December 2009
FE Report
Dhaka stocks closed the year Wednesday with a rosy sign as the benchmark index of Dhaka Stock Exchange (DSE) hit an all-time high.
With the rally on the day amid little bumps in early trading, the market saw a gaining streak of seven consecutive sessions, lifted by non-banking financial institutions (NBFIs) and pharmaceuticals.
The benchmark DSE General Index (DGEN) added 16.17 points or 0.35 per cent to close at 4,535.53 beating the previous record set just the previous day.
The broader DSE All Shares Price Index (DSI) rose 12.81 points or 0.34 per cent to 3,747.52 while the DSE-20 blue chip index gained 15.96 points or 0.61 per cent to 2,613.48.
"NBFIs and pharmaceuticals kept the market on the positive track in the last trading day of the year," said BRAC-EPL, an investment bank.
The NBFIs continued to advance as the sector gained more than 3.0 per cent with the state-owned ICB edging higher sharply by 6.14 per cent.
The pharmaceutical sector rose 0.94 per cent with Square Pharma, one of the country's leading drug makers, closing up by 0.64 per cent.
But two heavyweights -- banks and Grameenphone - fell on profit taking.
The total turnover increased slightly by 1.3 per cent to Tk 9.30 billion. Out of 237 issues traded, 124 advanced, 108 declined and five remained unchanged.
Grameenphone lost 0.58 per cent to end at Tk 187.50 per share. The banking sector dropped 0.25 per cent despite remaining in the green zone during the first half of the trading session.
Mutual funds, energy, general insurance and cement issues were marginally down while life insurers closed slightly up.
Dhaka stocks closed the year Wednesday with a rosy sign as the benchmark index of Dhaka Stock Exchange (DSE) hit an all-time high.
With the rally on the day amid little bumps in early trading, the market saw a gaining streak of seven consecutive sessions, lifted by non-banking financial institutions (NBFIs) and pharmaceuticals.
The benchmark DSE General Index (DGEN) added 16.17 points or 0.35 per cent to close at 4,535.53 beating the previous record set just the previous day.
The broader DSE All Shares Price Index (DSI) rose 12.81 points or 0.34 per cent to 3,747.52 while the DSE-20 blue chip index gained 15.96 points or 0.61 per cent to 2,613.48.
"NBFIs and pharmaceuticals kept the market on the positive track in the last trading day of the year," said BRAC-EPL, an investment bank.
The NBFIs continued to advance as the sector gained more than 3.0 per cent with the state-owned ICB edging higher sharply by 6.14 per cent.
The pharmaceutical sector rose 0.94 per cent with Square Pharma, one of the country's leading drug makers, closing up by 0.64 per cent.
But two heavyweights -- banks and Grameenphone - fell on profit taking.
The total turnover increased slightly by 1.3 per cent to Tk 9.30 billion. Out of 237 issues traded, 124 advanced, 108 declined and five remained unchanged.
Grameenphone lost 0.58 per cent to end at Tk 187.50 per share. The banking sector dropped 0.25 per cent despite remaining in the green zone during the first half of the trading session.
Mutual funds, energy, general insurance and cement issues were marginally down while life insurers closed slightly up.