Dhaka, Bangladesh (BBN)– Dhaka stocks bounced back on Monday with the DSE General Index (DGEN) witnessing the second highest single-day gain in recent months.
The market made a flying start in the morning, and the DGEN – the main market barometer – increased 429 points within five minutes of trading, and finally it ended at 7959.28, up by 304.87 points or 3.98 per cent.
Monday’s 304.87 points gain was the second highest single-day gain. In November 16, 2009, the DGEN gained the highest 764.88 points, following the listing of Grameenphone.
The broader All Shares Price Index (DSI) rose 3.92 per cent or 248.95 points to 6605.49. The DSE-20 Index comprising blue chips was up by 3.71 per cent or 169.89 points to 4745.46.
Increase in margin lending by the regulatory body is yet to impact the turnover value as liquidity crisis is still persisting in the banking system, signified by the high call money rate.
Total turnover today was BDT 14.6 billion, 2.0 percent lower than Sunday’s value. The regulatory body also decided to move Grameenphone and Marico from spot market to public market; the two stocks advanced 17.5 percent and 12.0 percent respectively following the news.
BBN/SI/AD-21Dec10-10:33 am (BST)
