Twin bourses see gains
Wednesday, 27 August 2008

Bdnews24.com

Stocks closed up for the third trading day Tuesday as buyers continued to drive the country's twin bourses, which witnessed gains by more than 60 percent of traded issues.

Price hikes in blue chips pushed up prices on the Dhaka Stock Exchange, where bourse authorities adjusted indices due to a price correction of Pubali Bank, according to a DSE web posting.
 
The benchmark DGEN or general index maintained an upward curve across the day. It gained 24.03 points, or 0.88 percent, to end on 2746.19.
 
The DSI or all-share price index finished 19.84 points, or 0.85 percent, up at 2352.42. The blue-chip DSE-20 surged 34.58 points, or 1.44 percent, to 2421.63.
 
Indices on the Chittagong Stock Exchange also finished up for a third day paced by huge gains in non-bank financial institutions, mutual funds and energy shares.
 
The CSCX or selective categories index climbed 69.24 points, or 1.25 percent, to close on 5592.57. The CASPI or all-share price index closed at 8566.47, up 89.36 points or 1.05 percent.
 
The bourse's blue-chip CSE-30 rose 26.43 points, or 0.34 percent, to end on 7791.88.
 
Meanwhile, increased investor participation caused turnover and trading volume to creep up from the previous day.
 
Turnover on the DSE reached Tk 2.91 billion, with 17,738,443 shares changing hands, while the port city's turnover saw 3,316,341 traded shares amounting to Tk 383.258 million in turnover.
 
Gainers outnumbered losers on the DSE by 175 to 38, while eight issues held steady.
 
Of the traded 133 issues on the CSE, 88 gained, 39 lost and six remained unchanged.
 
State owned Titas Gas emerged as the turnover leader with a 5.05 percent gain from the previous day, closing at Tk 368.75.
 
Second in line, Islami Bank continued to climb, ending on Tk 7944.25, up by 6.77 percent.
 
Lanka Bangla Finance rose 1.98 percent to Tk 220.70.
 
Beximco Pharma crept up 0.79 percent to finish at Tk 114.60.
 
British American Tobacco Bangladesh gained 3.92 percent to Tk 217.
 
Among the other scrips on the turnover board—AB Bank, Keya Cosmetic and Uttara Bank—lost on profit taking.
 
Beximco and ACI gained after Monday's losses.

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