DSE index crosses all time high mark |
Star Business Report
With the recent bullish trend in share prices, DSE General Index, benchmark index of the country's premier bourse, yesterday crossed 2400 mark closing at an all time high of 2422.54 points.
The index yesterday rose by 43.71 points, or 1.83 percent, over the previous day's closing at 2378.83 points.
Market operators said rallying of shares in bank, pharmaceutical and power companies with occasional falls in recent times helped the general index cross 2400 points.
They said half yearly financial disclosures by the listed companies encouraged investors including the institutional and foreign ones to rush in the stock market forcing it to witness a bullish trend.
The Dhaka Stock Exchange (DSE) authorities introduced the general index on November 27, 2001 with a base of 817.62 points. The index, which excludes companies of 'Z' category, is calculated on the basis of price movement of individual stocks 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 3648.75 points on November 5, 1996 when the market witnessed a 'bubble and bust'.
The DSE All Share Price Index was reintroduced on March 28, 2005 and the DSE-20 was introduced on January 1, 2001.
The total turnover on the DSE yesterday increased to Tk 232.66 crore from Tk 187.01 crore the previous trading day.
DSE market capitalisation also rose to its all time high at Tk 54,713 crore from Tk 53,886 crore on Tuesday.
The DSE All Share Price Index rose by 30.89 points, or 1.59 percent, to close at 1962.44 points.
Of the issues traded, 117 advanced and 70 declined with 26 unchanged. A total of 123,73,015 shares changed hands on the DSE.
At the end of the day, Square Pharma topped the turnover leaders with 56,289 shares worth Tk 29.96 crore. The other turnover leaders were Brac Bank, National Credit and Commerce Bank, Southeast Bank, Square Textile, Exim Bank, City Bank, Summit Power, One Bank and Pubali Bank.