Dhaka, Bangladesh (BBN)- Dhaka stocks witnessed sharp increase with all indices gaining more than seven percent on Sunday as the positive impact of government intervention in the market along with encouraging corporate declarations, market operators said.
In a buyer-driven market, DGEN, the barometer of Dhaka Stock Exchange (DSE), hiked 463.27 points to stand at 6389.62 points.
The broader DSE All Shares Price Index (DSI) ended at 5295.60, rising 7.73 per cent or 379.98 points. The DSE-20 index including blue chips soared 8.07 per cent or 322.59 points to 4321.77.
Out of 259 issues traded on the day, 251 advanced, only 8 issues declined.
A total of 52.95 million shares changed hands against 61.15 million in the previous trading session. The number of trade deals came down to 93,814 which was 148,795 in the previous session.
However, the total market capitalization increased to BDT 2871.49 billion against BDT 2710.50 billion in the one of the previous session.
The uptrend of the market was witnessed as all sectors' shares gained significantly. Major sectors including banks, non-banking financial institutions, pharmaceuticals and fuel and power entities gained 5.90 percent, 6.77 percent, 6.36 percent and 7.96 percent respectively.
The trading of GrameenPhone, the sole listed telecommunication company, was suspended due to the record date after corporate declaration.
The total turnover stood at BDT 5.78 billion, down by 16.2 percent compared to the previous session. National Bank was the top turnover leader with shares worth BDT 569.68 million changing hands.
On Sunday, Dhaka Bank declared 35 percent, One Bank declared 55 percent and Prime Bank 35 percent stock and 5 percent cash dividends and non-banking financial institution LankaBangla Finance declared 55 percent stock dividend. Each of these four companies declared dividend in higher ratio compared to the last calendar year.
BBN/SSR/SI-21Feb11-1:44 pm (BST)
