The New Nation - Internet Edition

Staff Reporter

After four days of consecutive fall amid panic selling the Dhaka Stock Exchange (DSE) yesterday bounced back sharply and made substantial recovery.

The DSE General Index (DGEN) rose 87 points or 3.29 per cent to close at 2,720 from 2,634 points on Monday.

The day trading opened with an upbeat mood on expectation of some good news from a scheduled meeting on the day at the Securities and Exchange Commission (SEC).

The SEC convened the meeting with representatives from DSE, CSE and merchant bankers after investors staged demonstration in front of the

DSE on Monday protesting against the continued fall of the share prices.

During the day's trading, prices of shares continued to gain with the progress of the SEC meeting that reviewed the market situation.

The meeting, however, ended with an observation that "nothing but panic selling" was the main reason behind the sluggish market.

The day's trading opened with the benchmark index at 2,634 points, but rose as high as 2,756 at about 12:50 pm before closing lower at 2,720 points.

The All Shares Price Index (DSI) increased 68 points or 3.13 per cent to close at 2,254 points while the DSE-20 index for selective shares rose 51 points or 2.23 per cent to close at 2,318 points.

Of the total 228 issues traded on the day, 192 registered gains while only 30 incurred losses and six remained unchanged.

The day's total turnover fell to Tk 2.11 billion from Tk 2.28 billion on Monday. The turnover was lowest since August 20 when it was recorded at Tk 1.95 billion.

The market capitalisation, however, increased to Tk 976 billion on Tuesday from Tk 953 billion on the previous day.

Beximco Pharma, Uttara Bank, Titas Gas, Beximco, Lankabangla Finance,

AB Bank, Islami Bank, ACI, Square Pharma and National Bank were the day's turnover leaders in terms of value.

The day's volume leaders were AIMS 1st Mutual Fund, Beximco Pharma, Beximco Textiles, GRAMEENS2, Beximco, Fuwang Foods, Golden Son, Lankabangla Finance, Quasem Dry Cell and BD Com.

Top gainers of the day were Gulf Foods, Glaxo Smithkline, Agrani Insurance, National Tubes, Tulip Dairy, Brac Bank, Mithun Knit, City

Bank, Dutch Bangla Bank, Trust Bank.

Top losers were Perfume Chemicals, United Insurance, ICB, Takaful Insurance, BCIL, Atlas Bangladesh, Meghna Pet, Standard Ceramics, Saleh Carpet and Al-Amin Chemicals.