Dhaka stocks open with negative mode

Dhaka, Bangladesh (BBN) – Dhaka stocks on Wednesday opened with negative mode on profit taking, market operators said.

The benchmark Dhaka Stock General Exchange Index (DGEN) decreased by 23.75 points or 0.29 percent and stood at 8144.99 till filing of the reports at about 11:33 am (local time).

On Tuesday, the DGEN gained 2.63 per cent, or 209.47 points to 8,164.75, as investors’ confidence was revived following a series of sops announced by the securities regulator and the central bank.

The gain means the market barometer has added 515 points in the last two days, almost covering the ground it lost on Sunday when the main index plunged 551 points, or 6.72 per cent, to witness the bourse’s steepest fall ever.

The broader All Shares Price Index (DSI) rose 2.60 per cent or 171.94 points to 6,777.44 on Tuesday. The DSE-20 Index comprising blue chips also shot up by 3.31 per cent or 157.19 points to 4,902.65.

BBN/SI/AD-22Dec10-11:37 am (BST) 

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