Dhaka, Bangladesh (BBN) – Dhaka stocks closed positive territory on Monday, amid volatile trading throughout the session and key index advanced more than two per cent as investors went for late hour buying.
Market insiders said investors went for late hour buying following the news of that the securities regulator will hold a meeting with all stakeholders Tuesday to discuss and take decision next course of action to stabilize the market.
The market opened with a negative note and lost 59 points within 10 minutes. After oscillating positive and negative several times, it ended finally 103 points higher.
The benchmark General Index of the DSE (DGEN), the yardstick of the market, went up by 103.04 points or 2.46 percent to close at 4,286.11.
Total turnover value stood at BDT 2.26 billion against BDT 2.61 billion in the previous session.
Out of 254 issues traded, 234 advanced, 17 declined and three remained unchanged.
RN Spinning was the top turnover chart with shares worth BDT 114.83 million changing hands.
The other turnover leaders were GP, United Airways, Beximco, NBL, FU-Wang Ceramics, UCBL, Beacon Pharma, Square Pharma and SIBL.
BD Autocars was the day’s highest gainer posting a rise of 9.57 percent while National was the worst loser and lost 8.21 percent.
On Sunday, the Dhaka stocks witnessed sharp decline and lost 303 points or 6.77 per cent–biggest fall in the year 2012.
BBN/SSR/AD-30Jan12-11:55 pm (BST)
