Stocks upbeat on weeks first trading day
Tuesday, 26 August 2008

Desk Report

Buying led stocks to close upbeat Monday, maintaining gains from last week's closing day, though the market witnessed a bearish trend over the previous nine weeks.

Dhaka Stock Exchange's benchmark DGEN or general index opened the day on a positive note only to slump immediately. It however, recovered losses in the third hour of trading and maintained a stable curve afterwards. It gained 15.54 points or 0.57 percent to end on 2722.15.
 
The DSI or all-share price index finished 10.62 points or 0.45 percent higher at 2332.57. The blue-chip DSE-20 however, closed down by 8 points or 0.33 percent at 2378.05.
 
Indices on the Chittagong Stock Exchange also finished higher for a second day as insurers and non-bank financial institutions witnessed huge gains.
 
The CSCX or selective categories index rose 19.44 points or 0.35 percent to close on 5523.33. The CASPI or all-share price index closed at 8477.10, advancing 23.42 points or 0.27 percent.
 
The bourse's blue-chip CSE-30 increased 9.05 points, or 0.11 percent, to end on 7765.44.
 
An official with brokerage house IDLC Securities told bdnews24.com that trading perked up as investors went for buying after days of low confidence in the market due to frequent interventions.
 
"It seems that retail investors gained confidence in the market which may be induced by increased institutional participation over the last two days," added the official.
 
Turnover on the DSE reached Tk 2.26 billion, with 11,896,435 shares changing hands while the port city bourse's turnover from 2,712,761 traded shares amounted to Tk 362.122 million.
 
Advancers outnumbered decliners on the DSE by 131 to 72 while nineteen issues held steady.
 
Of the traded 136 issues on the CSE, 59 lost, 72 gained and five remained unchanged.
 
Turnover leader on the Dhaka Stock Exchange, AB Bank gained 3.84 percent to Tk 1019.
 
Second in line, Keya Cosmetics ended on Tk 73.40, up by 12.06 percent.
 
State owned entity, Titas gas edged up 0.07 percent to close at Tk 351.
 
Islami Bank rose 1.70 percent to Tk 7440.25.
 
Beximco Pharma finished 0.52 percent lower at Tk 113.70.
 
Among the other scrips on the turnover board—Uttara Bank and BRAC Bank —advanced.
 
Beximco and ACI lost on profit taking.
 
Lanka Bangla Finance however, remained steady.

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