Dhaka, Bangladesh (BBN)- Dhaka stock market resumed on Sunday after the Eid-ul-Azha holidays and finished considerably higher despite experiencing a large fall in one session.
All three indices moved up along with trade volumes compared to the previous week. The benchmark index DSE General Index (DGEN) gained 277.74 points (by 3.29 percent) last week and blue chip index DSE-20 gained 1.60 percent.
Total turnover was much higher than the previous week since there were only two trading sessions last week. Total turnover registered at around BDT 138.70 billion compared to BDT 47.76 billion last week.
The market opened positively with DGEN moving up by 1.83 percent while total turnover increased by almost 10 percent.
On Monday, the market reacted to a directive from the SEC regarding margin loan rules. DGEN lost 77 points on the day, the steepest fall in six weeks.
The market returned to positive on the following day with DGEN advancing 33 points. On Wednesday, the market continued with the bull run as DGEN gained 118 points. The market closed on Thursday with DGEN finishing on all time high of 8,721.09 points.
BBN/SI/SSR-27Nov10-4:05 pm (BST)