The New Nation - Internet Edition

Staff Reporter

The Dhaka Stock Exchange (DSE) reached the highest ever turnover of Tk409 crore yesterday. Trading experts identified the heavy trading witnessed in AB Bank shares for last couple of days as the main contributor to this record.

The second highest turnover was recorded at Tk372 crore on February 5 of this year.

During the day's trading, AB Bank shares witnessed heavy demand as the bank declared 200 per cent stock dividend on Monday.

Some 207,620 shares of AB Bank worth about Tk76 crore exchanged hands on the day as against 84,850 shares worth over Tk28 crore on Monday. Each AB Bank shares gained Tk157.25 to close at Tk3,561.75.

Despite the heavy turnover in the overall market, the DSE indices witnessed fall yesterday amid profit taking, with the losers outnumbering the gainers.

Brokers said the market went through correction during the day's trading, after continued gains for five days.

Of the total 248 issues traded on the day, 89 gained, 149 incurred loss, while 10 remained unchanged.

The DSE General Index (DGEN) dropped 20 points or 0.67 per cent to close at 3,034 points today while the All Share Price Index (DSI) fell 15 points or 0.59 per cent to close at 2,561 points.