Dhaka, Bangladesh (BBN)- Dhaka stocks perked up on Sunday as the investors reacted positively to the proposed budget that allows investment of undisclosed money in the stock market.
The DSE General Index (DGEN) — the benchmark index — finished at 2774.39 with a gain of 0.98 per cent or 27.12 points.
The market began in an upbeat mood as the benchmark index jumped 43 points in first 15 minutes, boosted by the combined in all sectors across the board. But the initial gain failed to sustain on profit taking in fuel and power sectors, market operators said.
On Thursday, the budget for the 2010 fiscal year proposed to allow disclosure of undisclosed money by paying 10 per cent tax if invested in share market, infrastructure, specific industrial sectors and real state.
All Shares Price Index (DSI) gained 29.99 points to close at 2318.23 while DSE-20 Index (DS 20) comprising blue chip rose 50.84 points to end at 2226.08.
Turnover got a big boost on the day as it stood at BDT 6.97 billion, up from previous day’s BDT 6.72 billion. Out of 239 issued traded, 136 advanced, 101 declined and two remained unchanged.
BBN/SS/SI/AD-15June09-1:50 am (BST)