Dhaka Stock Exchange General Index rises on govt compensation
The benchmark index of Dhaka Stock
Exchange (DSE) the prime stock market in Bangladesh rose dramatically in the last hour of Sunday's trading
after the finance minister had announced a set of decisions to
compensate affected retail investors specially waived 50% Interest charge. The index advanced to 4577.68 points, gaining 23.91 points or 0.52 percent at the close of the week's first trading day. Shares and mutual funds worth Tk 2.73 billion changed hands with prices of 156 issues advancing, 78 declining and 22 remaining unchanged. After 10 minutes of trading, DSE general index slipped to 4505.55 points, losing over 48 points. It turned around and advanced to 4579.18 points, with a gain of around 25 points at 11:55pm. Only after seven minutes, it slipped again to 4541.94 points, shedding 11.82 points or 0.25 percent. The index touched the green zone with a very slight gain once again around 12:15pm but decreased again to 4527.17 points, shedding 26.59 points or 0.58 percent at 1:09pm. On Thursday, The DGEN had slumped to 4553.77 points, shedding 141.64 points or 3.02 percent.
Trading on Tuesday closed with the general index at 4668.56 points, up by 147.23 points or 3.25 percent. The DGEN had closed the previous week (Feb 19- Feb 23) at 4367.81 points. The index has been steadily gaining over the two weeks before that with a 245-point gain in the week between Feb 12 and Feb 16 and a 165-point gain in the week before that (Feb 5-Feb 9).
compensate affected retail investors specially waived 50% Interest charge. The index advanced to 4577.68 points, gaining 23.91 points or 0.52 percent at the close of the week's first trading day. Shares and mutual funds worth Tk 2.73 billion changed hands with prices of 156 issues advancing, 78 declining and 22 remaining unchanged. After 10 minutes of trading, DSE general index slipped to 4505.55 points, losing over 48 points. It turned around and advanced to 4579.18 points, with a gain of around 25 points at 11:55pm. Only after seven minutes, it slipped again to 4541.94 points, shedding 11.82 points or 0.25 percent. The index touched the green zone with a very slight gain once again around 12:15pm but decreased again to 4527.17 points, shedding 26.59 points or 0.58 percent at 1:09pm. On Thursday, The DGEN had slumped to 4553.77 points, shedding 141.64 points or 3.02 percent.
Trading on Tuesday closed with the general index at 4668.56 points, up by 147.23 points or 3.25 percent. The DGEN had closed the previous week (Feb 19- Feb 23) at 4367.81 points. The index has been steadily gaining over the two weeks before that with a 245-point gain in the week between Feb 12 and Feb 16 and a 165-point gain in the week before that (Feb 5-Feb 9).
