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Dhaka stocks extend gain

Friday, 26 September 2008


FE Report
Dhaka stocks extended the gain further in the sixth consecutive session Thursday with the turnover nearing Tk 5.0 billion (500 crore) mark.
The Dhaka Stock Exchange (DSE) ended the day on an upbeat note, thanks to strong buying support from institutional investors, before taking a break of long nine days starting from today (Friday).
Share prices of most of the issues gained on the day as of 217 issues traded, 164 advanced, 45 declined and eight remained unchanged.
All the market barometers - the benchmark DSE General Index (DGEN), the All Shares Price Index (DSI) and the DSE-20 index comprising blue chips climbed 41.36 points, 34.66 points and 33.48 points to close at 2,966.81, 2,499.45 and 2,466.11 respectively.
The institutional investors dominated the market on the last day of trading before the nine-day closure of the prime bourse.
The day's total turnover rose to Tk 4.79 billion, the fifth highest, against the previous day's Tk 4.30 billion. The market capitalisation remained steady at Tk 1.03 trillion.
The share price of Beximco Pharma rose 4.67 per cent to close at Tk 136.50, making it the turnover leader for the second consecutive day with its shares worth Tk 334.37 million traded.
Summit Power was the second turnover leader with its shares worth Tk 234.72 million changing hands.
The next other turnover leaders were ACI Limited, Titas Gas, Beximco Limited, GrameenS2, BATBC, Union Capital, AIMS 1st Mutual Fund, and Lankabangla Finance Limited.
The share price of Golden Son posted the biggest gain of 19.40 per cent, followed by BD Finance with 17.44 per cent, BD Thai 17.34 per cent, Glaxo SmithKlin 12.60 per cent, Saleh Carpet 11.90 per cent and BD Welding 10.55 per cent.
The Agni System Limited posted the biggest fall of 18.14 per cent on the news that it failed to win a licence to operate the WiMax or Broadband Wireless Access service.