The New Nation - Internet Edition

Staff Reporter

Trading in the Dhaka Stock Exchange ended the week yesterday in green. It was the third consecutive day when bulls overturned bears in daily trading.

At the weekend trading day, investors turned up with impressive buying throughout the day, helped the index indicator inside the green territory. At the end of they day's trading, the DSE general index successfully crossed the 3000 mark, while turnover also increased significantly.

An official from brokerage house said they had dealt with a lot of less popular scrips throughout the day, including some designated as Z category. The day's turnover board was dominated by cement, pharmaceuticals, mutual funds and textiles scrips as mentioned. "Investors are gambling their money on a variety of shares. This is because the most popular issues, which are banks, have finished declaring their dividends," said DSE Chief Executive Salahuddin Ahmed.

Dhaka stocks rose sharply from the opening bell, remaining steady throughout the day, to end higher.

The benchmark DGEN or general index advanced 39.07 points, or 1.30 per cent, to end on 3025.48. The DSI or all share price index finished at 2554.73, up 32 points, or 1.26 per cent.

The bourse's blue chip DSE-20 rose 32.27 points, or 1.44 percent, to end on 2258.86.

Turnover on the country's prime bourse surged to Tk 3.32 billion from 25,401,837 traded shares. Gainers beat losers 180 to 74, while two issues remained unchanged.

Square Pharma topped the turnover board, finishing 3.80 percent higher at Tk 3869.25. Beximco Pharma followed, ending on Tk 75.80, up 5.71 percent.

Power Grid Company of Bangladesh rose 4.36 percent to close at Tk 651.25. Lafarge Surma Cement, a G group issue, gained 7.41 percent to close at Tk 532.25.