Bangladesh’s stocks rebound despite hartal

Last updated: March 4, 2013

Dhaka, Bangladesh (BBN): Stocks bounced back on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Monday, a day after steep fall despite countrywide second day hartal enforced by Bangladesh Jamaat-e-Islami.

The General Index of the DSE----DGEN---ended at 3,982.49 points after gaining 133.50 points or 3.46 per cent.

The DSE Broad Index (DSEX), the benchmark index of the DSE went up by 128.60 points or 3.46 per cent to close at 3,894.59 points. The DSE-30 Index (DS30) also gained 45.37 points or 3.32 per cent to close at 1,410.08.

The turnover on the premier bourse stood at BDT 2.73 billion, up 4.19 per cent from previous session’s BDT 2.62 billion.

Of the 269 issues traded on the premier bourse, 244 advanced, 19 declined and 9 remained unchanged.

Newly listed Golden Harvest Agro Industries topped the turnover chart with shares worth BDT 601.06 million changing hands. Summit Purbanchol Power Company, Premier Cement and Unique Hotel and Resorts were next popular stocks.

The Golden Harvest Agro Industries was also the day’s highest gainer posting a rise of 205.6 per cent while LankaBangla Finance was the worst loser, slumping by 10 per cent following its corporate declaration.

The Chittagong Stock Exchange (CSE) also closed higher with the Selective Categories Index of the CSE rose 230.11 points to close at 7,740.59 points.

Of the 163 issues traded on the port city bourse, 142 advanced, 17 declined and 4 remained unchanged. A total of 9.47 million shares and mutual fund units were traded, generating BDT 415.31 million in turnover.

BBN/BB/AD/04Mar-13-3.35pm (BST).

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