Dhaka, Bangladesh (BBN) – Dhaka stocks closed higher for second session on Thursday and key index gained almost three per cent as investors got some confidence following the finance minister’s meeting.
Market analysts said that investors went for buying binge as the government committee recommended waiver of up to 50 per cent interest on margin loans taken by small investors who suffered financial losses due to the recent stock market crash.
The market shot up more than 60 points within five minutes upon resumption of day’s trading and the upbeat mood continued till the market closure and finally ended 121 points higher.
The benchmark general index of Dhaka Stock Exchange (DGEN), the main gauge of the market went up by 121.50 points or 2.86 per cent to close at 4,367.81.
The broader All Shares Price Index (DSI) soared 101.40 points or 2.84 per cent to close at 3,662.98. The DSE-20 Index comprising blue-chip shares advanced 77.0 points or 2.20 per cent to close at 3,563.88.
The finance ministry has instructed government officials and institutions not to take any decision or comment on the stock market without prior discussion or consultation with the Securities and Exchange Commission.
The gainers took a strong lead over the losers as out of 260 issues traded, 249 advanced, only nine declined while two remained unchanged.
Turnover value increased 46.66 percent and stood at BDT 3.30 billion compared to BDT 2.25 billion in the previous session.
A total of 79.36 million shares changed hands on the day against 54.13 million in the previous session. The trade deals increased to 108,614 against Wednesday’s 72, 922.
The total market capitalization of the DSE stood at BDT 2,299.05 billion against BDT 2,250.47 billion in the previous session.
Beximco Limited topped the turnover chart with shares worth Tk 136.14 million changing hands.
Samorita Hospital was the day’s highest gainer posting a rise of 9.57 percent while Modern Dyeing was the worst loser and lost 7.93 percent.
BBN/SSR/AD-24Feb12-3:40 pm (BST)
