Dhaka, Bangladesh (BBN) - Dhaka stocks continued to rise for second running session on Sunday and the key index gained more than five per cent with increased turnover value as investors went for buying spree.
Market analysts said the investors might gain some confidence as securities regulators strengthen its monitoring to stop aggressive selling.
Though the market opened with a negative note, after 10 minutes it come to positive territory and continued to gain until closure the market and finally ended 215 points higher.
The benchmark general index of the DSE, generally known as DGEN, surged 215.38 points or 5.37 percent to close at 4,226.17 points on the day, the DSE data showed.
The broader All Shares Price Index (DSI) rose 177.47 points or 5.26 percent to close at 3,546.44. The DSE-20 Index comprising blue-chip shares also advanced 133.64 points or 3.97 per cent to close at 3,492.47.
Out of 260 issues traded, 149 advanced, only 10 declined and one remained unchanged.
The turnover value stood at BDT 2.90 billion, in value terms, compared to BDT 2.29 billion in the previous session.
National Bank topped the turnover chart with shares worth BDT 159.11 million changing hands.
Rupali Insurance was the day’s highest gainer posting a rise of 12.04 percent while Prime Finance First Mutual Fund was the worst loser.
On Thursday, the Dhaka stocks gained 201 points or 5.26 percent and last week it gained 167 points.
BBN/BB/SI-12Feb12-4:55 pm (BST)