Dhaka, Bangladesh (BBN)- Dhaka stocks gained on Thursday, driven by banking, telecommunications and textile issues, market operators said.
The market went in the red briefly in the morning but started to scale up at close when news about robust earnings of the financial institutions poured in, they added.
The benchmark DSE General Index (DGEN) closed at 6,342.75 with a rise of 55.22 points or 0.87 per cent, after hitting the highest 6,354.78 at one stage.
The broader DSE All Shares Price Index (DSI) was up by 0.97 per cent or 51.16 points to 5,278.88, while DSE 20 comprising blue chips ended at 3,721.78 with a gain of 30.73 points or 0.83 per cent.
Banking issues – the market’s bell weather – rose 1.94 per cent, after sliding 2.15 per cent and 1.83 per cent in the previous two consecutive sessions.
Among the banking issues, ICB Islamic Bank gained 12.32 per cent after the news that Securities and Exchange Commission (SEC) accorded its consent to the proposed change in the denomination of its face value from Tk 1,000.00 to Tk 10.00 each.
It was followed by National Bank that gained 4.51 per cent and Prime Bank 2.91 per cent.
Grameenphone, the country’s top mobile operator and most weighted shares in DSE, gained 1.73 per cent, notching up its third consecutive gains.
Textile sector continued to flex its muscle, rising 3.81 per cent, driven by Beximco Textile that rose 5.29 per cent, Square Textile 3.75 per cent and Maksons Spinning 3.19 per cent.
Other sectors, including ceramic declined 2.48 per cent and tannery 2.64 per cent. Fuel and power and non-banking financial institutions closed mixed.
BBN/SS/SI/AD-30July10-9:32 am (BST)