Dhaka, Bangladesh (BBN) – Dhaka stocks rebounded strongly on Tuesday with turnover rising substantially, a day after closed in red as investors was come out panic on the day.
The market opened with a positive note, gaining almost 40 points within five minutes. The upbeat mood continued until the market closure and finally ended 84 points higher.
The benchmark general index of Dhaka Stock Exchange, generally known as DGEN, moved up 84.56 points or 1.64 per cent to close at 5,239.70 on the day.
Out of 264 issues traded, 238 advanced, only 18 declined and eight remained unchanged.
Turnover value increased to BDT 4.23 billion against BDT 3.60 billion in the previous session.
RN Spinning topped the turnover chart with shares worth BDT 131.03 million changing hands.
Purabu General Insurance was the highest gainer posting a rise of 9.94 percent while MBL First Mutual Fund was the worst loser and lost 5.32 percent.
The market lost more than 77 points on Monday as the investors sold off their shares out of panic that the government is going to scrap the existing money whitening facility for investment in the stock market.
BBN/SSR/AD-27Dec11-6:51 pm (BST)