DHAKA stocks continue gaining

Increased trading activities pushed the Dhaka market up for the
fourth day, with all the key indices finished positive. The total
turnover of Tk 711.22 crore marked a 45.7 percent rise yesterday,
compared to the previous day's turnover. "The jump in turnover meant
that investors were very active in trading and they were switching
from one stock to another," said Fazlur Rahman, head of Investment
Banking Division of AB Bank. He said investors' active participation
is a good sign for a healthy and vibrant market. The benchmark index
of Dhaka Stock Exchange, DSE General Index, rose by 11.84 points, or
0.38 percent to 3 ,086.9. The market reached a peak of 3 ,095 points
in the first 30 minutes of trading. Then it remained relatively
stable around that mark for the next 120 minutes, before dropping
about seven points towards the end of the session. The broader DSE
All Share Price Index gained 11. 06 points, or 0.42 points to 2 ,
594.41. Most non-banking financial institutions and mutual funds
gained, while most banks lost. Pharmaceuticals, insurance, cement and
tannery sectors finished positive. Fuel and power sector however
lost. Advancers beat losers 160 to 79. A total of 4 ,21 , 70 ,817
shares and mutual fund units were traded on the premier bourse.
Summit Alliance Port topped the turnover leaders with 1 ,24 ,250
units worth Tk 28.04 crore being traded on the DSE. Renwick
Jajneswar, which increased by 13.69 percent, was the largest gainer.
Monno Jute Stafflers, which declined by 3.77 percent, was the
biggest loser. Chittagong stocks also marked a rise. The CSE
Selective Categories Index gained 40.67 points, or 0.6 percent to 6
,780. The CSE All Share Price Index increased by 27.25 points, or
0.25 percent to 10 , 657.37. A total of 62 ,18 ,190 shares and
mutual fund units worth Tk 66.28 crore changed hands on the
Chittagong Stock Exchange. Of the traded securities, 106 advanced,
66 declined and three remained unchanged. The biggest gainer Samata
Leather Complex advanced by 16.50 percent. Aramit was the largest
loser that declined by 9.16 percent. Marico Bangladesh topped the
turnover leaders with 88 ,000 shares worth Tk 3.48 crore being
traded on the port city bourse.