Dhaka stocks rise after Eid vacation
Monday, 22 November 2010
FE Report
Dhaka stocks rose Sunday after a five-day Eid vacation, supported by fresh buying on fuel, power and insurance issues.
The DSE General Index (DGEN), the main gauge of the market, crossed 8600-mark briefly at a final stage. At the fag end of the day, it closed on a fresh high of 8,598.17 with a rise of 1.83 per cent or 154.82 points.
DGEN added whopping 624 points in the last six consecutive trading sessions.
The broader All Shares Price Index (DSI) shot up by 1.83 per cent or 128.47 points to 7136.44. The DSE-20 Index comprising blue chips was up by 1.43 per cent or 72.87 points to 5147.12.
The buying binge led turnover to cross Tk 28.0 billion-mark after two weeks. The daily turnover reached Tk 28.2 billion, an increase of 10 per cent over the previous week.
Dealers said after the Eid-ul-Azha holiday, investors went for fresh buying particularly the energy stocks.
All sectors closed in the positive territory.
Fuel and power sector climbed 3.27 per cent to emerge as top gaining sector as the delayed process in share offloading of state-owned enterprises weighed on the stock rise.
Among other major gaining sectors, non-banking financial institutions rose 1.55 per cent and pharmaceuticals 2.40 per cent.
Banking issues and telecommunications - the market heavyweights---edged 0.66 per cent and 0.24 per cent higher respectively.
Gainers took the lead over the losers as out of 247 issues traded 178 advanced, 64 declined and five remained unchanged.
Beximco Limited was the top turnover leader with shares worth Tk 1.30 billion changing hands, followed by NCC Bank and Square Pharma.
Other turnover leaders included UCBL, Confidence Cement, AB Bank, Southeast Bank, Peoples Leasing, Prime Finance and Eastern Bank.
Dulamia Cotton was the highest gainer, posting a profit rise of 17.47 per cent, followed by Anwar Galvanising, Keya Detergent, Quasem Drycell, Aziz Pipe, Safko Spinning and Desh Garment.
The prominent losers included Aftab Auto, Jamuna Bank, AMCL (pran), First ICB, First Security Bank, BD Finance, Meghna Pet, Mercantile Bank and Pubali Bank.
Dhaka stocks rose Sunday after a five-day Eid vacation, supported by fresh buying on fuel, power and insurance issues.
The DSE General Index (DGEN), the main gauge of the market, crossed 8600-mark briefly at a final stage. At the fag end of the day, it closed on a fresh high of 8,598.17 with a rise of 1.83 per cent or 154.82 points.
DGEN added whopping 624 points in the last six consecutive trading sessions.
The broader All Shares Price Index (DSI) shot up by 1.83 per cent or 128.47 points to 7136.44. The DSE-20 Index comprising blue chips was up by 1.43 per cent or 72.87 points to 5147.12.
The buying binge led turnover to cross Tk 28.0 billion-mark after two weeks. The daily turnover reached Tk 28.2 billion, an increase of 10 per cent over the previous week.
Dealers said after the Eid-ul-Azha holiday, investors went for fresh buying particularly the energy stocks.
All sectors closed in the positive territory.
Fuel and power sector climbed 3.27 per cent to emerge as top gaining sector as the delayed process in share offloading of state-owned enterprises weighed on the stock rise.
Among other major gaining sectors, non-banking financial institutions rose 1.55 per cent and pharmaceuticals 2.40 per cent.
Banking issues and telecommunications - the market heavyweights---edged 0.66 per cent and 0.24 per cent higher respectively.
Gainers took the lead over the losers as out of 247 issues traded 178 advanced, 64 declined and five remained unchanged.
Beximco Limited was the top turnover leader with shares worth Tk 1.30 billion changing hands, followed by NCC Bank and Square Pharma.
Other turnover leaders included UCBL, Confidence Cement, AB Bank, Southeast Bank, Peoples Leasing, Prime Finance and Eastern Bank.
Dulamia Cotton was the highest gainer, posting a profit rise of 17.47 per cent, followed by Anwar Galvanising, Keya Detergent, Quasem Drycell, Aziz Pipe, Safko Spinning and Desh Garment.
The prominent losers included Aftab Auto, Jamuna Bank, AMCL (pran), First ICB, First Security Bank, BD Finance, Meghna Pet, Mercantile Bank and Pubali Bank.