Stocks nudge higher riding on GP

Stocks posted a modest gain on Tuesday, after a single-day break, as investors showed their appetite on Grameenphone (GP) shares.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 19.13 points or 0.40 per cent to settle at 4,781, after losing more than 32 points in the previous day.

The GP share price continued to surge and closed at Tk 312.50 on Tuesday, soaring 4.30 per cent or Tk 13 each over the previous day.

Share price of GP crossed Tk 300 each on Tuesday after more than six months since February 23 this year.

"GP is the largest listed company by capital, which accounted for more than 14 per cent market-cap of the DSE, so it affects the index largely," said an analyst at a leading brokerage firm.

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