The benchmark DSE General Index (DGEN) ended at 6535.87 with a rise of 88.86 points or 137 per cent, lifted by financial stocks.
Investors ran after the financial stocks—banks, non-banking financial institutions and insurers – on higher-than-expected quarterly earnings that were pouring in the market.
Non-banking financial institutions dominated the scene, followed by banks and insurances while other sectors—mutual funds, energy and pharmaceuticals – closed mixed.
The pace of gain in banking stocks was much slower than the previous session.
The market breadth was modestly positive as out of 257 stocks, 155 gained, 94 lost and 8 remained unchanged.
The junk shares saw price correction after the regulator ordered the bourse to probe into the unusual price hike of some Z-category shares.
Turnover continued to remain static as it clocked at Tk 10.60 billion from previous day’s Tk 10.27 billion.
Still, trading was not getting the momentum as the investors continued to look for findings of probe report on stock crash expected to be submitted to the government this week.
BBN/KMS/SI/AD-04March11-3:30 pm (BST)
