March 27, 2012

Dhaka Stocks Market continue gaining in the current week


Dhaka Stocks Market continue gaining in the current week


The Benchmark index of Dhaka Stock Exchange (DSE) kept moving on an upward curve on Tuesday, with the highest turnover in two and a half months with new hope of bull trend.  The DSE general index closed at 4939 points with a gain of 75 points following fluctuations with highest turnover of the last tow and
half months. Of the traded shares and mutual funds, prices of 139 advanced, 107 declined and 20 remained unchanged showing bull dominating trend. The turnover was Tk 7250 million, which was Tk 610 million more than Sunday's and last half an hour 110 crore. Trading was closed on Monday because of the Independence Day as national holyday. After a rise in share prices last week, trading on DSE opened this week on an upbeat note, gaining 104 points leading power and IT sector.  Sunday's turnover was the highest in past two and a half months and indicates market participant are becoming active after a massive fall of the market index. The DGEN rose 215 points or 4.75 percent last week of this month. The average daily turnover was Tk 4760 million, which was 86 percent higher than that of the previous week showing a up trend. In the week before, the index had gained 198 points or 57 percent and continuing the trend.