Dhaka stocks continue to gain
Wednesday, 20 January 2010
FE Report
Dhaka stocks closed higher for the fourth straight session amid minor fluctuation Tuesday, lifted by Grameenphone and insurers.
The DSE General Index (DGEN), the market's main gauge, gained 33.35 points or 0.67 per cent to end at 4956.73, after touching 4974.5513 in the final minutes.
Broader All Shares Price Index (DSI) rose 27.07 points or 0.66 per cent to close at 4092.04, while DSE 20 comprising blue chip index moved up 12.33 points or 0.44 per cent to 2782.61.
Grameenphone, the most traded stock on the day, continued to perform better as it edged 2.23 per cent higher to close at Tk 224.4.
"Stock price rise of Grameenphone, most weighted shares in Dhaka Stock Exchange, and insurers has sent the market into the green terrain," said BRAC-EPL, an investment bank, in its market analysis.
Gainers took a fair lead over the losers, as out of 238 issues traded, 177 closed in the positive territory, 58 ended in the negative and three remained unchanged.
The turnover stood at Tk 11.92 billion, an increase of 14.80 per cent from the previous session's Tk 10.37 billion.
Though majority of mutual funds closed in the red, the sector gained 4.07 per cent riding on rise of EBL 1st mutual fund posting a gain of 7.08 per cent.
The banking sector witnessed a mixed reaction as approximately half of the banks increased whereas the other half decreased. But the sector fell 0.05 per cent.
The non-banking financial institutions (NBFIs) sector lost 0.82 per cent with some of the companies gaining and others losing.
The pharmaceuticals sector gained 0.85 per cent because of 4.51 per cent gain of Beximco Pharma, the second largest drug-maker after Square pharmaceuticals that lost 0.86 per cent.
The energy sector lost 0.43 per cent on profit taking while all the subsidiaries of the Beximco Group gained.
Grameenphone topped the turnover list for the second successive session with shares worth Tk 805.02 million changing hands.
Dhaka stocks closed higher for the fourth straight session amid minor fluctuation Tuesday, lifted by Grameenphone and insurers.
The DSE General Index (DGEN), the market's main gauge, gained 33.35 points or 0.67 per cent to end at 4956.73, after touching 4974.5513 in the final minutes.
Broader All Shares Price Index (DSI) rose 27.07 points or 0.66 per cent to close at 4092.04, while DSE 20 comprising blue chip index moved up 12.33 points or 0.44 per cent to 2782.61.
Grameenphone, the most traded stock on the day, continued to perform better as it edged 2.23 per cent higher to close at Tk 224.4.
"Stock price rise of Grameenphone, most weighted shares in Dhaka Stock Exchange, and insurers has sent the market into the green terrain," said BRAC-EPL, an investment bank, in its market analysis.
Gainers took a fair lead over the losers, as out of 238 issues traded, 177 closed in the positive territory, 58 ended in the negative and three remained unchanged.
The turnover stood at Tk 11.92 billion, an increase of 14.80 per cent from the previous session's Tk 10.37 billion.
Though majority of mutual funds closed in the red, the sector gained 4.07 per cent riding on rise of EBL 1st mutual fund posting a gain of 7.08 per cent.
The banking sector witnessed a mixed reaction as approximately half of the banks increased whereas the other half decreased. But the sector fell 0.05 per cent.
The non-banking financial institutions (NBFIs) sector lost 0.82 per cent with some of the companies gaining and others losing.
The pharmaceuticals sector gained 0.85 per cent because of 4.51 per cent gain of Beximco Pharma, the second largest drug-maker after Square pharmaceuticals that lost 0.86 per cent.
The energy sector lost 0.43 per cent on profit taking while all the subsidiaries of the Beximco Group gained.
Grameenphone topped the turnover list for the second successive session with shares worth Tk 805.02 million changing hands.