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Dhaka stocks open week higher

Dhaka stocks opened week higher with increased participation of investors on
Sunday, the first trading day of the week, market operators said. The
general index of Dhaka Stock Exchange gained 19.12 points, or 0.65 per cent,
to close at 2,974.74, and its all share price index advanced by 17.96
points, or 0.73 per cent, to finish at 2, 493.35. DSE20 index of blue
chips, however, lost 2.31 points, or 0.10 per cent, to close at 2,212.73.
A DSE stockbroker said the market maintained a positive run as
institutional and big-volume investors remained active. Of the total 239
issues traded, 159 advanced, 77 declined and three remained unchanged.
Turnover at the DSE increased to Tk 738.81 crore from the Thursday's Tk
689.03 crore. The DSE has decided that DSE indices as well as opening
prices of the shares of a company will be adjusted following corporate
benefits as per prescribed methodology of the International Organisation of
Securities Exchange Commissions with effect from September 1, 2009. DSE
official sources said the bourse took the decision with a view to reflecting
the appropriate market position. Under this system, opening price of the
concerned company and respective DSE indices will be adjusted to the extent
of corporate benefits. As a result, respective indices will not show any
abnormal low position on the ex- dividend/ex-benefit date. And as such,
circuit breaker will not be withdrawn on the ex- dividend date.