Dhaka, Bangladesh (BBN)– Dhaka stock continued its bullish mood for the ninth straight week that ended on Monday, the last working before the Eid vacation, thanks to investors’ enthusiasm to buy shares of banks.
The week witnessed only two days of trading, as the stock exchange remained closed for three remaining days due to Eid-ul-Azha. The market will reopen on Sunday as usual.
The benchmark Dhaka Stock Exchange (DSE) General Index (DGEN), the main gauge of the market, ended at a fresh high of 8,443.34 Monday, the last trading session in the week, with a rise of 1.63 percent or 135.64 points.
The broader All Shares Price Index (DSI) moved up by 1.65 percent or 113.93 points to 7,007.97 on the day. The DSE-20 Index comprising blue chips was up by 1.92 percent or 95.96 points to 5,074.24.
Banking sector dominated the market as it did in the previous week and became the highest gaining sector in the week ahead of their year-end closing, dealers said.
Banking issues, which make up more than one-third of the market cap, continued to flex their muscle. Out of 30 banks, 29 gained in consecutive two sessions in the week.
BBN/SSR/ANS-20Nov10-11:52 pm (BST)
