Dhaka, Bangladesh (BBN) -Dhaka stocks closed higher on Sunday with the benchmark index gaining more than one per cent.
The benchmark DSE General Index (DGEN) was up by 94.90 points or 1.49 per cent to 6447.00—its highest in two weeks.
The gain was led by financial stocks, including market heavyweight banks, that was picked up by the investors in anticipation of better-than-expected dividends, brokers say.
The market rose for the third day, spurred by optimism that functions of the biggest ever open-end mutual fund might be begun soon.
The state-run Investment Corporation of Bangladesh submitted the fund styled Bangladesh Fund worth Tk 50.0 billion last week to the Securities and Exchange Commission for approval.
Gainers took a marginal lead over the losers as out of 260 issues traded, 144 closed positive, 108 negative and only eight remained unchanged.
Turnover remained almost unchanged at BDT 10.27 billion, marginal lower than previous session’s BDT 10.48 billion.
Trading was not getting the pace as the investors looked for findings of probe report on stock crash expected to be submitted to the government this week.
Many investors who were reluctant to commit fund earlier started taking position at slower pace .
BBN/KMS/SI/AD-03March11-4: am (BST)
