The New Nation - Internet Edition

UNB, Dhaka

The Dhaka Stock Exchange (DSE) registered sharp gains on Wednesday in response to the regulator's decision to actively consider the enhancement of margin loan ratio.

Stockbrokers said share prices gained sharply across the board as the investors took position on expectation that the SEC decision would better the market situation in the days ahead, pushing the general index (DGEN) as high as 2,704 points in the mid-day, but fell slightly before the closing.

They said the sluggish trend for about last six weeks bounced back slowly on Monday as the Securities and Exchange Commission initiated discussion with the stakeholders to identify the reasons behind the bearish market and to take corrective measures.

After a meeting with merchant bankers on Tuesday, the SEC announced that they would actively consider raising the loan ratio by merchant banks.

During the day's trading, the benchmark index rose 71 points or 2.72 percent to close at 2,693 from 2,622 points on Tuesday while the All Shares Price Index (DSI) increased 56 points or 2.56 percent to close at 2,232 points. The DSE-20 index for selective shares gained 24 points or 1.04 percent to close at 2,266 points.

Of the total 227 issues traded on the day, 181 registered gains while 40 incurred losses and six remained unchanged.

The day's total turnover increased substantially to Tk 2.67 billion from Tk 1.60 billion on Tuesday. The market capitalization increased marginally to Tk 970 billion from Tk 951 billion on the day before.

Beximco Pharma, Titas Gas, ICB 2nd NRB, GrameenS2, Beximco, Lankabangla Finance, Uttara Bank, AIMS 1st Mutual Fund, ACI and Aftab Auto were the day's turnover leaders in terms of value.

The day's volume leaders were AIMS 1st Mutual Fund, GRAMEENS2, Beximco Textiles, Beximco Pharma, Golden Son, Keya Detergent, Quasem Dry Cell, Keya Cosmetics, Fu-Wang Foods and ICB 2nd NRB.

Top gainers of the day were GRAMEENS2, Golden Son, Grameen1, Keya Detergent, 1st BSRS, Islamic Finance, AIMS 1st Mutual Fund, S Alam CRST, Renwick and ICB 2nd NRB.

Prime Insurance, 8th ICB, Glaxo SmithKline, Purabi General Insurance, Safco Spinning, Miracle Industries, In Tech Online, Daffodil Computers and Sreepur Textiles.

Top losers were Eastern Lubricant, Rahim Textiles, Desh Garments, Amam Sea Food, Bengal Biscuits, BSC, Maq Paper, Wata Chemicals, Tallu Spinning and Pharma Aids.