Dhaka, Bangladesh (BBN) – Dhaka stocks continued to rise sharply for the fourth running session on Sunday with turnover crossing BDT 12-billon mark as institutional and retail investors are pouring fresh funds into the market amid optimism.
Market opened with a flying note, gaining more than 100 points within just five minutes upon resumption of day’s trading and rest of the session steadily went up and finally ended 120 points higher.
The benchmark General Index of the Dhaka Stock Exchange— (DGEN), soared 120.56 points or 2.25 percent to close at 5,464.16.
Most of the issues traded on the day advanced. As out of 264 issues traded, 157 advanced, 99 declined and eight remained unchanged.
The turnover value stood at BDT 12.01 billion against BDT 10.78 billion in the previous session, which was eight and a half month high since July 31, 2011. On July 31, last year turnover value was recorded Tk 13.41 billion.
Grameenphone (GP) continued to top the turnover chart with shares worth BDT 500.98 million changing hands.
The other turnover leaders were Beximco Limited, Meghna Petroleum, Jamuna Oil, Titas Gas, Square Pharma, Aftab Automobiles, RN Spinning, MI Cement and Beximco Pharma.
First Bangladesh Shilpa Rin Sangstha Mutual Fund was the day’s highest gainer posting a rise of 9.95 percent while Keya Cosmetics was the worst loser.
BBN/SSR/AD-15Apr12-7:50 pm (BST)