Dhaka, Bangladesh (BBN) – Though the Dhaka stocks opened with negative note, it ended with a more than five per cent higher on Thursday, with key index crossing the 4,000 points mark after ten days.
The market opened with a negative note and lost 36 points within first half an hour.
However, it started to advance after 12:00 noon and the upbeat mood continued till the market closure and finally ended 201 points higher.
The benchmark general index of the DSE, generally known as DGEN, went up by 201.02 points or 5.27 per cent to close at 4,010.79.
Abnormal rise and fall not expected and not a sign of stable market, experts said.
Out of 259 issues traded, 250 advanced, only eight declined and one remained unchanged while turnover value stood at BDT 2.29 billion.
National Bank toped turnover chart with shares worth BDT 215.52 million changing hands following its corporate declaration of 65 percent stock dividend.
The other turnover leaders were GP, Beximco Limited, United Airways, Beacon Pharma, SIBL, Summit Power, Mercantile Bank, RN Spinning and LankaBangla Finance.
Gemini Sea food was the day’s highest gainer posting a rise of 9.88 per cent while First Prime Bank MF was the worst loser and lost 9.83 percent.
BBN/SSR/AD-09Feb12-4:36 pm (BST)
