The Dhaka Stock Excha- nge (DSE) set fresh records yesterday with its single day turnover and total market capitalisation reaching new high.

Bull run continued on the premier bourse of the country yesterday, the first trading day of the week, as all the indices advanced significantly.

The benchmark DSE General Index (DGEN) rose 80 points, or 0.90 per cent, to refresh its record to 8,918 points. DGEN advanced more than 300 points in last three sessions.

“Investors were buying more shares ahead of year-end closure expecting high returns which pushed the market to go up,” said a stock broker.

Banking sector led the bull run of DSE yesterday contributing 45 per cent of the total turnover of the session, according to BRAC EPL daily market analysis.

Banking sector gained by 2.64 per cent as 15 out of 30 banks listed with the DSE posted gain.

Investors are pumping a huge amount of money into the market and preferring financial institutions sha- res to invest, leading the indices up, Ahmed Rashid Lali, a former vice president of the DSE.

Insurance, financial institutions were the other big gainers of the day while telecommunication, pharmaceutical, textile,
engineering, mutual fund units and power went down.

The single-day turnover crossed Tk 32.5 billion mark yesterday setting a new record. The previous high was Tk 32.08 billion reached on October 31. Yesterday’s trading was Tk 700 million high over the level of the previous session.

Total market capitalisation also advanced to Tk 3680.71 billion, a record.

The broader DSE All Share Price Index (DSI) also surged 58 points, or 0.79 per cent, to finish at 7,383 while the blue-chip DSE-20 index was up by 146 points, or 2.75 per cent, to close at 5,429.

A total of 244 issues changed hands on the day of which 91 advanced, 150 declined and three remai- ned unchanged.

AB Bank topped the turnover leaders with more than 8 lakh shares valued Tk 140 crore traded on the floor.

The other turnover leaders were Southeast Bank, Islami Bank, Prime Bank, Beximco, United Commer- cial Bank, City Bank, Shahjalal Islami Bank, Brac Bank and Shine Pukur Ceramics.

Islami Bank topped the top gainers with a rise of 14.98 per cent, or Tk 109.5, to end at Tk 840. Other major gainers were Keya Detergent, City Bank, HR Textile, Islami insurance, Premier Leasing, Saiham Textile, National Tubes, AB Bank and Provati Insura-nce.

Pharma Aid was the worst loser yesterday, which fell by Tk 15,174, or 81.67 per cent, to finish the session at Tk 3,406. Other losers of the day were Mithun Knitting, Tallu Spinning, Bangas, CMC Kamal, Aziz Pipes, Desh Garments, Standard Ceramics, Safko Spinning and Ambee Pharma.

Source : daily-sun, Bangladesh/6th Dec 2010