DHAKA stocks continue gaining

Dhaka stocks continued to gain for third day yesterday, driven by
fuel and energy and banking sector shares. Benchmark index of Dhaka
Stock Exchange, DSE General Index, rose by 42.28 points, or 1.43
percent to 2 , 995.38. In the fuel and power sector, all companies
except one gained, backed by the news of ramping up of gas
production, Equity Partners Limited (EPL), an investment firm, said
in its daily market analysis. The market experienced a bearish trend
last week. Titas Gas shares, among the gainers, increased by 3.37
percent, Summit Power 3.06 percent, Power Grid 3.96 percent and
Desco 2.82 percent. The broader DSE All Share Price Index increased
by 35.24 points, or 1.41 percent to 2 , 518.26. All banks except one
gained. AB Bank advanced by 2.24 percent, BRAC Bank 1.98 percent
and Dutch Bangla Bank 1.78 percent. Advancers beat the losers 163
to 69. Two securities remained unchanged. A total of 3 ,01 ,42 ,720
shares and mutual fund units worth Tk 515.96 crore were traded on
the premier bourse. Titas Gas topped the turnover leaders, with 7 ,
23 ,950 shares worth Tk 48.46 crore being traded. Savar
Refractories was the biggest gainer on the trading board that
advanced by 9.67 percent. Jute Spinners was the top loser. The
company shares declined 9.18 percent. Chittagong stocks however
closed mixed. The CSE Selective Categories Index fell by 26.02
points, or 0.38 percent to 6 , 649.41. The CSE All Share Price Index
however rose by 145.66 points, or 1.4 percent to 10 , 492.33. A
total of 39 ,12 ,285 shares and mutual fund units worth Tk 40.01
crore changed hands on the Chittagong Stock Exchange. Of the traded
securities, 129 advanced and 37 declined. Bengal Biscuits, which
jumped by 16.07 percent, was the largest gainer on the port city
bourse. Ctg Vegetable Oil was the biggest loser. It went down by
10.05 percent. Bextex topped the turnover leaders with 5 ,95 , 400
shares worth Tk 3.58 crore being traded on the CSE.