DGEN rises by 82.87pc from 2009
\n<\/strong>Dhaka bourse finished a booming year on an upbeat mood with its benchmark general index and turnover gaining on Thursday.
\nThe general index of Dhaka Stock Exchange advanced by 75.36 points, or 0.92 per cent, to close at 8,290.41 points on the last trading day of\u00a02010.
\nThe index has risen by 82.87 per cent, or 3,754 points, over the year from 4,535.53 points at the end of 2009.
\nThe average daily turnover in 2010 was Tk 1,643.40 crore, up by Tk 1,038.77 crore from Tk 604.63 crore in the previous year.
\n\u2018Apart from the last three weeks\u2019 jitters in the market when the general index suffered the record single-day fall, the DSE has passed a booming year,\u2019 said a stockbroker.
\nHe said most of the issues remained overpriced, despite some corrections that had taken place in the past three weeks.
\nBoth the index and turnover rose on Thursday as the margin loan rules for investing in mutual funds relaxed by the Securities and Exchange Commission encouraged investors to go for bulk buying after two days of lacklustre trading, said another stockbroker.
\nThe turnover on the
\nday was Tk 1,783.10
\ncrore, up by Tk 303.11 crore from that of the previous day.
\n\u2018Investors injected fresh funds into the market to buy a massive number of shares because the Securities and Exchange Commission had relaxed the margin loan directives for the mutual funds,\u2019 a stockbroker said.
\nSalahuddin Ahmed Khan, a former DSE chief executive officer who had returned to his original occupation of a finance teacher at Dhaka University, said, \u2018Most of the investors anticipated that the market would see a boost in the new year as they went for bulk buying on the closing day of the year.\u2019
\nHe said investors\u2019 participation in the capital market had increased day by day over the year turning it into a very important economic sector.
\nThe capital market authorities, however, have failed to ensure adequate supply on the market for investors as only 12 companies have gone public this year, he added
\nThe total market capitalisation in 2010 was Tk 3,50,800.58 crore, posting a 84.81 per cent rise from that in 2009.
\nPrices of almost all the issues in major sectors like bank, insurance companies, fuel and energy, non-banking financial institute, textiles, and engineering, gained on the day.
\nAs many as 30 out of the 31 mutual funds gained and the remaining one declined on the last trading day of the year.
\nOut of the total 244 issues traded on the day, 186 advanced, 58 declined, and two remained unchanged.
\nSoutheast Bank topped the turnover leaders with 14.02 lakh shares worth Tk 84.56 crore traded on the day.
\nThe rest of the turnover leaders were Prime Bank, NBL, United Airways, AB Bank, One Bank, Beximco, City Bank, Bay Leasing and Investment, and Islami Bank.
\nGrameen One was the biggest gainer of the day, posting a 14.94 pre cent increase in its share price, while Sandhani Life Insurance was the worst loser.<\/p>\n

\u00a0<\/p>\n

Courtesy of NewAge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

DGEN rises by 82.87pc from 2009 Dhaka bourse finished a booming year on an upbeat mood with its benchmark general index and turnover gaining on Thursday. The general index of Dhaka Stock Exchange advanced by 75.36 points, or 0.92 per cent, to close at 8,290.41 points on the last trading day of<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n