Dhaka, Bangladesh (BBN)- The Dhaka Stock Exchange General Index (DGEN) rallied to record breaking highs in two consecutive sessions in the last week, boosted by shares in Banks, Insurance companies, Non-Banking Financial Institutions (NBFIs), Power and Pharmaceuticals as high volume trade also dominated the market.
The DGEN gained 232.83 points or 3.67 percent during the week to close at an all-time closing high of 6,575.59 points on Thursday, according to DES data.
On the other hand, US equities gained during the week initially as strong European bank earnings data eased fears of a protracted global economic slowdown.
The rise was further strengthened as preliminary US jobs data released on Wednesday showed additions of 42,000 jobs by private employers in July compared to 19,000 in June, giving hope for a recovery in the US economy.
During the week, the DJIA gained 213.27 points or 2.04 percent to close at 10,680.43, while the NASDAQ Composite Index rose 51.88 points or 0.83 percent to close at 2,264.56 levels.
Japan’s Nikkei 225 index opened the week at 9,646.45 points on Friday but fell during the week, dragged down by the strong JPY which impacted Japanese exporters.
The Nikkei ended the week down 42.1 points or 0.43 percent to close at 9,653.92 points.
The BSE Sensex Index reached the highest close since February 2008 at 18,222.98 points on Wednesday. The Sensex gained during the week by 180.83 points or 1.00 percent to close on Thursday at 18,172.83 levels, according to reports.
BBN/SSR/SI/AD-07Aug10-10:16 am (BST)
