Dhaka stocks continued bull run on Thursday crossing 8,700-point mark led by mutual funds and banking and insurance issues, market operators said.
The benchmark general index of the Dhaka Stock Exchange advanced by 48.18 points, or 0.56 per cent, to close the week at 8,721.09 points on the day. The DSE crossed 8,600 point market for the first time on Wednesday.
Market operators said that the investors continued pouring in funds for purchasing marginable issues as the stock regulators maintained the halt in trading of 13 non-marginable issues.
The Securities and Exchange Commission on Tuesday halted the trading of 13 companies because of abnormal price hike.
Banking and insurance issues, state-owned enterprises and mutual funds pulled the market further up on Thursday, said operators.
Prices of SoE shares gained as a finance ministry meeting was told on Wednesday that more time would be needed to offload more shares of the listed SoEs. Insurance companies continued gain as the investors speculated that the insurance companies would enhance their paid up capital in line with a recently enacted law that favours higher paid up capital for insurance companies.
Of the total 228 issues traded on the day,
112 advanced and 116 declined on the day.
The daily turnover on the bourse was Tk 2,870.26 crore, up by Tk 177.23 crore from the previous trading day.
The DSE authorities, meanwhile, slapped a fine of Tk 500 each on 10 companies as they failed to submit their financial report for the first quarter ended on September 30. The companies are Beacon Pharmaceuticals, Bangladesh Shipping Corporation, Eastern Lubricants Blenders, Imam Button Industries, Jamuna Oil, Kohinoor Chemical, Meghna Petroleum Ltd, Padma Oil Company, Monno Ceramic and Monno Jutex
