Dhaka, Bangladesh (BBN) – Dhaka stocks surged more than one per cent on Monday, after ended flat in the previous day, with increased turnover value as some sponsor directors of the listed companies started to buy shares.
The market opened with a positive mood, gaining more than 85 points within first 45 minutes. The positive momentum continued until the market closure amid moderate ups and down and finally ended 83 points higher.
The benchmark general index of Dhaka Stock Exchange, generally known as DGEN, gained 1.67 per cent or 83.56 points to close at 5,079.90 on Monday.
Turnover value increased to BDT 3.47 billion against BDT 2.10 billion in the previous session.
The gainers took a strong lead over the losers as out of 261 issues traded, 214 advanced, 37 declined and 10 remained unchanged.
Mercantile Bank topped the turnover chart with shares worth BDT 237.55 million changing hands.
Apex Spinning was the day’s top gainer posting a rise of 9.97 percent while Reliance One was the day’s worst loser and lost 3.96 percent.
Market operators said that investors got some confidence as some of the sponsors/directors started to buy shares of their respective companies to comply with the regulator’s latest directive.
BBN/BB/SI-19Dec11-9:30 pm (BST)