The New Nation - Internet Edition

Staff Reporter

Stocks rallied for the sixth consecutive day yesterday, the last trading day before a long nine-day rest, on speculation of profit announcement by companies after the Eid vacation.

Both the bourses in Dhaka and Chittagong were bullish yesterday, which are entering into vacation today. The trading is scheduled to resume on October 5.

The day's turnover and market capitalisation enhanced significantly, defying the prejudice that the investors pull away money from the market to meet pre-Eid expenditures, brockers said.

The pre-Eid speculation pushed the market up with most shares registering gains, pulling up the turnover and the market capitalisation, said some broker house officials.

Both institutional and retail investors bought shares yesterday to make profit in the days to come, they said.

Banks and non-bank financial institutions led the gain though some "Z" category shares companies who are not up to date in holding AGM and declaration of dividends also soared during the last few days.

The All Shares Price Index (DSI) of the Dhaka Stock Exchange (DSE) had a spectacular gain of 34.66 points or 1.40 per cent to close at 2498.45 points.

The benchmark DGEN or general index surged 41.36 points or 1.41 per cent to end on 2966.81. The DGEN rose 25 points or 0.86 per cent to close at 2,925 on Wednesday from 2,900 points on Tuesday.

The blue chip, DSE-20 gained 33.48 points or 1.37 per cent to 2466.11 yesterday preceded by 38 points gain on Wednesday.

The day's total turnover increased to Tk 4.79 billion from Wednesday's Tk 4.30 billion. Market Capitalisation increased to Tk 1.039 trillion on Thursday from Tk 1.027 trillion on Wednesday.

The All Share Price Index (CASPI) of the Chittagong Stock Exchange (CSE) jumped up by 136.35 points or 1.53 per cent while the bourse's blue chip, CSE-30 gained 117.63 points or 1.51 per cent to 7862.52.

The CSCX or selective categories index increased 95.97 points or 1.65 per cent to finish at 5892.71.

Gainers got the better of losers on the DSE by 164 to 45 with eight issues remaining unchanged. Of the traded 139 scrips on the CSE, 109 advanced, 27 declined and three remained unchanged.

Beximco Pharma, Summit Power, ACI, Titas Gas, BEXIMCO, GRAMEENS2, BATBC, Union Capital and Lanka Bangla Finance were the day's turnover leaders in terms of value.

The day's volume leaders were AIMS 1st Mutual Fund, GRAMEENS2, Goldenson, Beximco Pharma, Beximco Textiles, Keya Cosmetics, Union Capital, Agni Systems Limited, BEXIMCO and BD Online.

Top gainers of the day were Goldenson, BD Finance, BD Thai, Glaxosmith, Saleh Carpet, BD Welding, Legacy Foot, BSC, Padma Cement and Maq Enterprise.

Top losers were Agni Systems Limited, Shajib Knit, Gemini Sea Food, BD Luggage, BD Online, Eastern Cables, Mona Food, Maq Paper, Meghna Petroleum and Perfume Chemicals.

Atop on the turnover board on the DSE, Beximco Pharma rose 4.67 per cent to Tk 136.50.

Closely behind it, Summit Power surged to end on Tk 732.25, up by 9.25 pertcent.

ACI crept up 0.01 per cent to finish at Tk 586.80.

Profit-taking, however, led state-owned Titas Gas to slip 1.54 per cent to Tk 492.50.

Beximco closed at Tk 215.20, up 6.58 per cent.