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Dhaka stocks continue rally

Wednesday, 10 September 2008


FE ReportbrDhaka stocks continued their rally, led by mainly mutual funds, Tuesday when the market saw the turnover hitting almost Tk 4.0 billion mark.brThe Dhaka Stock Exchange (DSE) experienced selective trading by retail investors. brThe market barometers -- the benchmark DSE General Index (DGEN) and the DSE -20 blue chip index -- rose 8.25 points and 14.59 points to close at 2844.66 and 2437.52 respectively.brHowever, All-shares Price Index (DSI) slightly shed 1.77 points to finish at 2410.51.brThe buying spree mainly came from the retail investors, sources said in the DSE. brThe investors, riding on rumours, put their fund on some selected shares which, market analysts said, was not based on fundamentals.brThis is not a good sign for the market, one analyst said.brThe gainers outshined the losers as out of 229 issues traded, 115 advanced, 95 declined and 19 remained unchanged.br