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Dhaka stocks continued to gain
yesterday for the fourth
consecutive day, as the
telecommunication sector
advanced offsetting the fall
in banking shares.
DSE General Index, the
benchmark index of Dhaka Stock
Exchange, rose 18.86 points,
or 0.44 percent to 4,292.77.
The telecommunication sector
gained heavily as Grameenphone
(GP) shares advanced 3.74 percent.
The banking sector went down
after gaining for six straight
sessions. The whole sector
went down by 2.54 percent.
Among the biggest losers,
Mercantile Bank, Standard Bank
and Trust Bank declined by
more than 5 percent each,
while Pubali Bank and Rupali
Bank were the only banks that
traded in safe.
Although the market was up
from the previous day's close,
it lost the gaining streak on
profit taking, especially in
the banking sector shares,
said an analysis of BRAC-EPL,
an investment firm.
The broader DSE All Share
Price Index increased 12.51
points, or 0.35 percent, to
3,559.16.
The non-bank financial
institutions finished mixed
with the whole sector
marginally up by 0.2 percent.
Most of the mutual funds,
pharmaceuticals and energy and
power sector shares also
finished high.
Advancers beat losers 140 to
93. Four securities however
remained unchanged. A total of
2,88,90,798 shares and mutual
fund units worth Tk 882.25
crore were traded on the prime
bourse.
Beximco topped the turnover
leaders with 23,13,000 shares
worth Tk 70.22 crore being traded.
Dulamia Cotton was the largest
gainer that rose 16.59
percent, while Purabi General
Insurance was the largest
loser declining 9.2 percent on
the DSE.
Chittagong stocks also marked
a slight rise yesterday. The
CSE Selective Categories Index
increased 28.56 points, or
0.35 percent, to 8,081.71. The
CSE All Share Price Index
gained 35.33 points, or 0.28
percent, to 12,518.53.
A total of 39,30,598 shares
and mutual fund units worth Tk
77.23 crore changed hands on
the port city bourse. Of the
traded securities, 93
advanced, 63 declined and
three remained unchanged.
Grameenphone topped the
turnover leaders with 4,06,000
shares worth Tk 7.04 crore
being traded on Chittagong
Stock Exchange.
Source: The Dailystar
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