Sunday, February 26, 2012

Stocks rise in early trading



DHAKA NEWS


Dhaka, Feb 26 The early hours of trading at the Dhaka Stock Exchange (DSE) have seen a steady rise of the benchmark general index.

After nearly two hours of trading on Sunday, the DGEN stood at 4496.22 points around 12:51pm, a gain of 128.40 points or 2.94 percent.

The index crossed the 4500-points mark around 12:18pm and hit the day's highest 4523.58 points around 12.30pm.

Shares and mutual funds worth Tk 2.42 billion changed hands by then with prices of 236 issues rising, seven falling and three remaining unchanged.

The general index closed at 4367.81 points on Thursday, a day after a committee recommended waiver of up to 50 percent interest on margin loans taken by small investors.

The previous week saw the benchmark index gaining on the last two days of trading, a 121.5 point rise on Thursday and a 62.78 point rise on Wednesday.

The rises overset the losses earlier in the week, 30.96 points on Monday and 44.56 points on Sunday, to see the week's trading adding 108.76 points to the DGEN.

The index has been steadily gaining over the two weeks before that with a 245-point gain in the week between Feb 12- Feb 16 and a 165-point gain in the week before that

(Feb 5-Feb 9).

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