The New Nation - Internet Edition

Staff Reporter

Bullish trend at the Dhaka Stock Exchange (DSE) bounced back yesterday after consecutive four days fall.

Index indicators closed trading of the week with moderate gain after a laggish trading session. "Investors returned to the sluggish market, expecting to pick some routine profit at the weekend," a stockbroker.

The DSE General Index (DGEN) showed sharp rise in mid-day trading, climbed as high as 2,933 points from 2,881 points mark of the day before. But the index again declined sharply from the peak to close at 2,886 points.

The All Share Price Index (DSI) also increased moderately to touch 2,470 points mark on the day from the previous days closure at 2,428 points, but later dropped to close at 2,433 points.

However, the market recorded second highest turnover this month at Tk 2,676 million yesterday as compared to only Tk 1,709 million on Wednesday. The highest turnover was recorded at Tk 3,114 million on January 17.

Of the total 231 issues traded today, 117 issues gained while 96 incurred losses and 18 remained unchanged.

During the days trading, Jamuna Oil and Meghna Petroleum were the turnover leaders at Tk 1,079 million and Tk 376 million respectively, followed by BRAC Bank, Grameen 1, Power Grid, AB Bank, DESCO, Summit Power, IFIC Bank and Islami Bank.

Jamuna Oil, Aims 1st Mutual Fund and Meghna Petroleum were the volume leader followed by Grameen 1, Beximco Textiles, Keya Cosmetics, Meghna Condensed Milk, Lanka Bangla Finance, Beximco Pharma, and Quasem Dry Cell.