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with the premier bourse benchmark index reaching the second highest
level ever. Analysts said rallying of fundamentally strong shares,
such as banks, fuel and power companies, pharma-ceuticals and cement
companies, helped the DGEN touch the second highest level. "The
rising trend demonstrated investor enthusiasm and confidence on the
market," said Arif Khan, deputy managing director of IDLC Finance.
Some positive steps taken by the market regulator and bourse
authorities to discourage investment on Z category or junk shares
drove investors to fundamentally strong securities, he said. It was
anticipated that the market would experience a downward trend during
the Grameenphone IPO, the largest of its kind in the history of the
capital market, he said. But the positive market indicators have
increased investor confidence, he added. The benchmark index of the
Dhaka Stock Exchange, DSE General Index (DGEN), yesterday finished
at 3187.7 , a 1.33 percent rise over 41.9 points. The index hit an
all time high when it closed at 3 , 207.89 on June 1 last year. DSE
introduced the general index on November 27 , 2001 with a base of
817.62 points. The index, which excludes 'Z' category companies, is
calculated on the basis of individual stock price movement under
'A', 'B', 'G' and 'N' categories. Previously, there was only one index
that included all securities of the stock exchange. Starting with a
base of 350 points, the index rose as high as 3 , 648.75 points on
November 5 , 1996 , when the market witnessed a 'bubble and bust'.
The broader DSE All Share Price Index was reintroduced on March 28 ,
2005 , and the DSE- 20 was introduced on January 1 , 2001. Advancers
beat losers 123 to 119 with one security remaining unchanged. A
total of 4 , 80 ,29 ,398 shares and mutual fund units worth Tk
845.79 crore were traded on the DSE yesterday. Beximco topped the
list of turnover leaders with 15 ,85 ,700 shares worth Tk 44.64
crore being traded on the prime bourse. Modern Dyeing was the largest
gainer of the day, increasing 12.51 percent. Samata Leather was the
biggest loser, declining 10.2 percent. Chittagong stocks also rallied
yesterday. The CSE Selective Categories Index gained 102.78 points,
or 1.51 percent, to reach 6 ,899. 25. The CSE All Share Price Index
increased 168.96 points, or 1.56 percent, to reach 10 , 994.48. A
total of 67 ,48 ,101 shares and mutual fund units worth Tk 82.91
crore changed hands on the Chittagong Stock Exchange. Of the traded
securities, 92 advanced, 76 declined and one remained unchanged.
The biggest gainer, Rupali Bank, advanced 12. 89 percent. Jago
Corporation declined by 15. 77 percent to finish as the biggest
loser. Beximco topped the list of turnover leaders with 2 ,81 ,700
shares worth Tk 7.98 crore being traded on the port city bourse.
