Dhaka, Bangladesh (BBN) - Bangladesh’s share prices bounced back on Wednesday after declining continuously in the last seven days.
The benchmark general index of Dhaka Stock Exchange (DGEN) gained 196.38 points or 3.17 percent to close at 6389.33 at the end of trading at 1:30pm on Wednesday.
The key index shed 174.65 points or 2.74 percent on Tuesday, 92.02 points or 1.42 percent to close on Monday, while it lost 128.18 points or 1.94 percent on Sunday.
The DSE had experienced downtrend for seven straight trading sessions until Tuesday when the DSE key index lost 174.65 points inviting street protests, prompting the retail investors to take to the streets.
Of the total 258 issues traded on the DSE on Wednesday, 248 advanced, only 8 declined and two retained their previous prices.
Among the major sectors Telecommunication, Banks and non-banking financial institutions gained 4.53 percent, 3.58 percent, and 2.34 percent respectively.
Total turnover value stood at BDT 6.1 billion on the day; which was 27.4 percent lower than Tuesday’s value.
Three of the mutual funds managed by AIMS were in the top ten gainers list. Malek Spinning Mills Limited topped the turnover chart with turnover value of BDT 249.5 million.
BOC Bangladesh was the top loser as share price adjusted for interim cash dividend, market operators said.
BBN/SSR/AD-03Aug11-5:18 pm (BST)
