Dhaka, Bangladesh (BBN) - Dhaka stocks recovered on Wednesday, a day after of steep fall, with improving turnover value, as the investors opted for buying shares at available attractive prices, market operators said.
The market opened with negative note and lost 17 points within first half an hour. After that it gained steadily throughout the session amid moderate ups and down and finally ended more than 112 points higher.
The benchmark general index of the DSE, generally known as DGEN, the yardstick of the market soared 112.48 points or 2.69 per cent to close at 4,289.70.
The broader All Shares Price Index (DSI) went up by 91.52 points or 2.61 per cent to close at 3,597.62. The DSE-20 Index comprising blue-chip shares also advanced 52.83 points or 1.54 per cent to close at 3,488.39.
The gainers took strong lead over the losers as out of 256 issues traded, 234 advanced, only 17 declined and five remained unchanged.
Turnover value stood at BDT 2.54 billion in value term compared to BDT 2.37 billion in the previous session.
A total of 63.07 million shares changed hands on the day against 60.02 million in the previous session. The trade deals, however, declined to 91,934 against Tuesday's 94,003.
The total market capitalization of the DSE stood at BDT 2,272.42 billion against BDT 2,258.13 billion in the previous session.
Among the major sectors, telecommunications declined 0.65 percent on the day, while the others closed higher.
Banking sector gained 3.35 percent, while non-banking financial institutions (NBFIs) 1.68 percent, pharmaceuticals 2.01 percent and fuel and power 1.55 percent.
BBN/SSR/AD-16Feb12-10:18 am (BST)
