DSE rides on financials
Friday, 23 April 2010
FE Report
Dhaka stocks closed slightly higher Thursday riding on financials, with turnover climbing to 17-week high.
The benchmark DSE General Index (DGEN) ended at 5615.28 with a gain of 18.25 points or 0.32 per cent, after falling on price correction in the previous session.
The broader All Shares Price Index (DSI) gained 20.37 points or 0.44 per cent to 4616.54 while DSE-20 Index comprising blue chips was up by 11.13 points or 0.37 per cent to 2978.72.
"Rally in banking, leasing and insurance sectors pulled the market up," said BRAC-EPL, an investment bank, in its daily market commentary.
Gainers took a strong lead over the losers as out of 252 issues traded, 154 closed positive, 88 negative and 10 remained unchanged.
Increased participation of retail investors pushed turnover to Tk 12.38 billion -- its highest since February 18-up by 4.6 per cent over the last session.
Banking sector returned to the gaining streak after suffering losses a day, rising by 1.61 per cent, with Al-Arafah Islami Bank jumping the day's biggest 7.63 per cent, followed by Standard Bank 6.84 per cent.
Marlet heavyweight Grameenphone lost 0.74 per cent to close at Tk 336.50.
Leasing and non-banking financial institutions advanced 0.38 per cent with BD Finance and United Leasing gaining more than five per cent each.
Life and general insurers edged 1.72 per cent and 0.77 per cent higher respectively. Pharmaceuticals sector was marginally up by 0.18 per cent.
Fuel and power sector ended flat with a drop of 0.01 per cent after impressive gain in the previous session.
Cement sector rose 2.81 per cent as Lafarge Surma Cement and Heidelberg cement advanced 4.49 per cent and 0.93 per cent respectively.
Mutual Funds continued to bleed losing 0.35 per cent.
Beximco continued to top the turnover list for fifth straight session with shares worth Tk 1.09 billion traded.
It was followed by DESCO, Beximco Pharma, Bextex, Social Islami Bank, Premier Bank, Summit Power, EXIM Bank and Al-Arafah Islami Bank.
The day's top gainers included Rahima Food, Bangas, Al-Arafah Islami Bank, Aramit, Prime Insurance, Standard Bank, Sandhani Insurance and Apex Foods.
Gemini Sea Food, Modern Industries, ICB Islami Bank, Square Textile, BD Wielding, Quasem Dry Cell and Olympic Industries were the major losers.
Dhaka stocks closed slightly higher Thursday riding on financials, with turnover climbing to 17-week high.
The benchmark DSE General Index (DGEN) ended at 5615.28 with a gain of 18.25 points or 0.32 per cent, after falling on price correction in the previous session.
The broader All Shares Price Index (DSI) gained 20.37 points or 0.44 per cent to 4616.54 while DSE-20 Index comprising blue chips was up by 11.13 points or 0.37 per cent to 2978.72.
"Rally in banking, leasing and insurance sectors pulled the market up," said BRAC-EPL, an investment bank, in its daily market commentary.
Gainers took a strong lead over the losers as out of 252 issues traded, 154 closed positive, 88 negative and 10 remained unchanged.
Increased participation of retail investors pushed turnover to Tk 12.38 billion -- its highest since February 18-up by 4.6 per cent over the last session.
Banking sector returned to the gaining streak after suffering losses a day, rising by 1.61 per cent, with Al-Arafah Islami Bank jumping the day's biggest 7.63 per cent, followed by Standard Bank 6.84 per cent.
Marlet heavyweight Grameenphone lost 0.74 per cent to close at Tk 336.50.
Leasing and non-banking financial institutions advanced 0.38 per cent with BD Finance and United Leasing gaining more than five per cent each.
Life and general insurers edged 1.72 per cent and 0.77 per cent higher respectively. Pharmaceuticals sector was marginally up by 0.18 per cent.
Fuel and power sector ended flat with a drop of 0.01 per cent after impressive gain in the previous session.
Cement sector rose 2.81 per cent as Lafarge Surma Cement and Heidelberg cement advanced 4.49 per cent and 0.93 per cent respectively.
Mutual Funds continued to bleed losing 0.35 per cent.
Beximco continued to top the turnover list for fifth straight session with shares worth Tk 1.09 billion traded.
It was followed by DESCO, Beximco Pharma, Bextex, Social Islami Bank, Premier Bank, Summit Power, EXIM Bank and Al-Arafah Islami Bank.
The day's top gainers included Rahima Food, Bangas, Al-Arafah Islami Bank, Aramit, Prime Insurance, Standard Bank, Sandhani Insurance and Apex Foods.
Gemini Sea Food, Modern Industries, ICB Islami Bank, Square Textile, BD Wielding, Quasem Dry Cell and Olympic Industries were the major losers.