Stocks refresh DGEN record
Friday, 11 June 2010
FE Report
Dhaka stocks rose more than one percent Thursday, hitting a fresh high on buying of energy, banking and leasing issues after getting clearance that the government will not impose tax on capital gain on individual investors.
The DSE General Index (DGEN), the main gauge of the market, surged by 1.04 per cent or 64.86 per cent to close at 6259.70, beating the previous all time high of 6202.66 set on June 3.
The broader All Shares Price Index (DSI) was up by 1.04 per cent or 53.33 points to 5159.56. The DSE 20 index comprising the blue chip shares ended at 3427.55 with a rise of 0.67 per cent or 23.00 points.
"The investors got clearance that the government will not impose tax on capital gain on individual investors. This brought confidence among the investors," said RY Shamasher, head of AB Investment Bank.
Investors showed interested in banking and energy stocks, brining momentum both in volume and indices, he added.
Fuel and power sector climbed 2.01 per cent to emerge as top gainer. DESCO was the top gainer in this sector as it rose 4.44 per cent, followed by Power Grid 3.99 per cent, Summit Power 1.30 per cent and Titas Gas 1.18 per cent.
Dhaka stocks rose more than one percent Thursday, hitting a fresh high on buying of energy, banking and leasing issues after getting clearance that the government will not impose tax on capital gain on individual investors.
The DSE General Index (DGEN), the main gauge of the market, surged by 1.04 per cent or 64.86 per cent to close at 6259.70, beating the previous all time high of 6202.66 set on June 3.
The broader All Shares Price Index (DSI) was up by 1.04 per cent or 53.33 points to 5159.56. The DSE 20 index comprising the blue chip shares ended at 3427.55 with a rise of 0.67 per cent or 23.00 points.
"The investors got clearance that the government will not impose tax on capital gain on individual investors. This brought confidence among the investors," said RY Shamasher, head of AB Investment Bank.
Investors showed interested in banking and energy stocks, brining momentum both in volume and indices, he added.
Fuel and power sector climbed 2.01 per cent to emerge as top gainer. DESCO was the top gainer in this sector as it rose 4.44 per cent, followed by Power Grid 3.99 per cent, Summit Power 1.30 per cent and Titas Gas 1.18 per cent.