FE Report
Dhaka stocks rose sharply Wednesday, helping the benchmark index cross 6,000-mark for the second time, driven by persistent rally in banking stocks.
The benchmark DSE General Index (DGEN) was up by 1.41 per cent or 84.97 points to 6073.92, only 23 points behind from the all time high of 6096.88 set on Sunday last.
The broader All Shares Price Index (DSI) closed at 4995.80 with a gain of 1.39 per cent or 68.88 points. The DSE 20 index comprising the blue chip shares ended at 3427.36 with a rise of 2.70 per cent or 90.13 points.
Investors chased the banking stocks to get a good return in future, sending the market to the positive territory, dealers said.
Banking issues gained more than three per cent after rise of 2.06 per cent in the previous session.
Southeast Bank was the top gainer, rising 14.09 per cent as the bank got approval from the Securities and Exchange Commission in issuing one rights share for existing two shares.
Premier Bank came second gaining 11.26 per cent after securities regulator gave green light to the bank in issuing one rights share for four existing shares.
Grameenphone, the lone listed company in telecommunications sector and most weighted share in DSE, declined marginally 0.73 per cent to Tk 282.20.
Leasing, insurance and fuel and power closed mixed.
Turnover witnessed sufficient rise as it stood at Tk 20.60 billion, an increase of more than eight per cent over the previous session's Tk 19.0 billion. Out of 243 issues traded, 137 closed positive, 101 negative and five remained unchanged.
Southeast Bank was the top turnover leader with shares worth Tk 1.22 billion. It was followed by Beximco Ltd, Premier Bank, Social Islami Bank, Shahjalal Islami Bank, Standard Bank, Lanka Bangla Finance, Mercantile Bank and Titas Gas.
Other top gainers included Social Islami Bank, Eastern Lubricants, Jamuna Bank, Uttara Finance, Mercantile Bank, Standard Bank, Dhaka Bank and Imam Button.
Goldenson, Modern Industries, Quasem Silk, Dhaka Fisheries, Anwar Galvanising, Meghnapet, IFIC First Mutual Fund and Kohinoor Chemicals were the major losers on the day.
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